Top Bank Mortgage Rates October 11th, 2010
Bank mortgage rates absolutely plummeted last week. Even though mortgage rates have been on a rather steady slide downwards for better part of 2010, last week’s rate drop was significant and is all that more surprising based on the low rates that the week started with. For this week’s mortgage rate analysis, skip the summary and scroll down to the current mortgage rates to see what the nation’s largest banks are offering.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage fell by twenty basis points, ending the week at 4.225 percent. The average 15 year mortgage rate was down by just over 13 basis points, closing the week at 3.675 percent.
The average point charged by the bank mortgage lenders in the weekly survey was also lower on the week. The average points charged on the 30 year home loan moved down to.45 points while the average points charged to obtain the 15 year mortgage moved down to an average of 0.40 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 8th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates on a 30 year mortgage closed at 4.00% with 1.0 point and a 4.151% APR, the 15 year mortgage rate closed at 3.375% with 1.0 point and a 3.639% APR.
Chase Mortgage rates on a 30 year mortgage was 4.375% and 0.125 points with a 4.440% APR while the 15 year loan closed at 3.875% with 0.00 points and 3.969% APR.
US Bank mortgage rates on a 30 year loan came in at 4.25% with zero points and a 4.313% APR and the 15 year had a rate of 3.75% with no points and a 3.860% APR.
Bank of America mortgage rates were 4.125% with 0.875 points and a 4.242% APR for a 30 year home loan and 3.50% with 1.0 point and a 3.726% APR for the 15 year mortgage.
Citibank mortgage rates on a 30 year was 4.375% with 0.25 points and a 4.549% APR and the shorter term, 15 year mortgage rate came in at 3.875% with no points for a 4.10% APR.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, October 8nd, 2010. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on these conditions and more.
Top Bank Mortgage Rates October 4th, 2010
Mortgage rates continued the long term down trend and closed lower for the week ending October 2nd, 2010. Mid and long term Treasury rates were also noticeably lower on the week as were bank savings rates. Current mortgage rates for both the 30 year mortgage rate and 15 year mortgage rate moved substantially lower week over week.
The average 30 year fixed rate mortgage dropped by a rather large amount considering the already low rates that have been reached. Based on the most recent Findlocalmortgagerates.com weekly survey of bank mortgage rates, the average 30 year rate mortgage was down ten basis points or 10/100’s of a percent, to 4.425 percent.
The average 15 year fixed rate mortgage was lower by and an even wider margin than the 30 year term loan, tumbling eleven basis points to 3.80 percent.
The average points charged by the bank mortgage lenders in the survey increased on the week. The average points charged to obtain the rate on the 30 year home loan came in at .525 points as did the average points charged for the 15 year mortgage.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 4th included the following 15 year and 30 year mortgage rates:
US Bank mortgage rates for the 30 year loan and 15 year loan ended the week at 4.50% with no points and a 4.564% APR on the 30 and 3.875% with no points and a 3.985% APR on the 15 year mortgage.
Chase Mortgage rates for the 30 year home loan was 4.625% and 0.25 points with a 4.702% APR while the 15 year loan closed at 4.00% with 0.25 points and 4.132% APR.
Wells Mortgage rates for the 30 and 15 year mortgage came in at 4.125% with 1.0 point and a 4.277% APR and 3.375% with 1.0 point and a 3.639% APR, respectively.
Bank of America mortgage rates for the 30 year loan was 4.125% with 1.125 points and a 4.286% APR and 3.625% with 1.125 points and a 3.906% APR for the 15 year mortgage rate.
Citibank mortgage rates came in at 4.75% with 0.25 points and a 4.928% APR on a 30 year mortgage loan and 4.125% with 0.25 points for a 4.427% APR on the 15 year mortgage loan.
The mortgage rates and points listed are current as of the survey date, October 2nd, all mortgage rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
Top Five Bank Mortgage Rates September 27th, 2010
Mortgage rates plunged lower to close the week on September 24, 2010. Even while the stock market has gained some footing and the Fed has made it clear that inflation is too low and action will be taken to increases prices, mortgage rates continued to move lower.
Mortgage rates fell during the week as did most all bank and bond interest rates after the Fed reserve made a press release about providing additional easing to aid the economic recovery. The slow and possibly slowing economic recovery is forcing the Fed to provide more easing in the form of asset purchases which, at minimum, is going to keep interest rates low for some time.
Based on the most recent Findlocalmortgagerates.com weekly survey of bank mortgage rates, the average 30 year fixed rate mortgage was down five basis points or 5/100’s of a percent, to 4.525 percent.
This week’s average 15 year fixed rate mortgage was lower by eight basis points, falling to 3.915 percent.
The average points charged to obtain these mortgage rates was down as well for both home loan products. The average point charged for the 30 year came in at .35 points while the average points charged on the 15 year was .425 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending September 24th included the following 15 year and 30 year mortgage rates:
Wells Mortgage rates ended the week at 4.25% with 1.0 point and a 4.403% APR for a 30 year mortgage rate and 3.625% with 1.0 point and a 3.891% APR for the shorter, 15 year home loan.
Chase Mortgage rates were 4.625% with 0.125 points and a 4.691% APR on a 30 year term loan and 4.125% with zero points for a 4.220% APR on a 15 year mortgage.
Bank of America mortgage rates for the 30 year were 4.375% with 0.625 points and a 4.489% APR and the 15 year mortgage rate was 3.75% with .875 points and a 3.985% APR.
US Bank mortgage rate on the 30 year closed at 4.625% with no points and a 4.690% APR while the 15 year mortgage rate was 3.95% with no points and a 4.060% APR.
Citibank mortgage rates ended the week at 4.75% with zero points and a 4.883% APR on a 30 year mortgage loan and 4.125% with 0.25 points for a 4.427% APR on the 15 year mortgage loan.
The mortgage rates and points listed are current as of the survey date, September 24, all mortgage rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
New Jersey Mortgage Rates September 15, 2010
To compare the best New Jersey mortgage rates, Findlocalmortgagerates.com has performed a survey of four bank mortgage lenders operating in New Jersey. Potential home loan borrowers can save money by using the information on NJ mortgage interest rates to compare rates and bank mortgage lenders.
The New Jersey mortgage rates survey offers a convenient way to comparison shop for the best mortgage and mortgage rates. Compare New Jersey mortgage rates from two local bank mortgage lenders and two of the largest national bank mortgage lenders to see if there is a mortgage program that best suits your needs.
In order to sample mortgage rates in New Jersey Findlocalmortgagerates.com has reviewed Wells Mortgage NJ mortgage rates, Chase Mortgage rates in NJ as well as mortgage rates from two local banks, Boiling Springs Savings Bank and Skylands Community Bank.
Boiling Springs Savings Bank is currently offering a 30 year fixed rate home loan with an interest rate of 4.875% with no points and an APR of 4.875%. The 15 year fixed rate loan from Boiling Springs is at 4.125% with no points and an APR of 4.125%.
Skylands Community Bank’s Fulton Mortgage division offers a 30 year fixed rate mortgage at 4.25% and 0.25 points for a 4.324% APR. The 15 year mortgage from Fulton Mortgage is at 3.50% with 1.625 points and a 3.832% APR.
Wells Mortgage rates in NJ include the 30 year mortgage at 4.25% with 1.0 point and a 4.403% APR as well as a 15 year fixed rate mortgage at 3.75% and 1.0 point resulting in a 4.017% APR.
Chase Mortgage rates in NJ include a 30 year term home loan with a mortgage rate of 4.625% and 0.125 points and a 4.691% APR and a 15 year mortgage rate at 4.25% with 0.25 points for an APR of 4.383%.
The mortgage interest rates, annual percentage rates (APRs), and discount points shown are current as of this publication date but subject to change without notice. Individual mortgage loan rates may be different based on the loan amount, property, down payment, borrower’s credit score as well as other factors. All mortgage loans are subject to bank lender and credit approval.
Skylands Community Bank is a full service commercial bank serving the Northwest Region of New Jersey. Fulton Mortgage Company provides a full range of products and services to Fulton Financial Corporation’s family of banks.
Boiling Springs Savings Bank is headquartered in Rutherford, New Jersey and has 17 bank branches.
Mortgage Rates Today September 13th, 2010
Mortgage interest rates dropped modestly for the week ending September 10, 2010 even while most bank rates increased for the week.
The benchmark 30 year fixed mortgage rate, which is the preferred loan during times of low mortgage rates, was lower by just under three basis points. The average 30 year mortgage rate form the top five bank mortgage lenders had an average interest rate of 4.675%.
Reviewing the 15 year fixed mortgage rate, which is generally always lower than the 30 year fixed mortgage rate, the average interest dropped by two basis points. The reduction in this week’s 15 year mortgage rate brought the average 15 year mortgage interest rate to 4.125% for the week.
The actual savings on the 15 year mortgage can be substantial with the lower rate and the shorter term bringing about a lower amount of overall interest paid for the term of the loan. Even with the lower interest rate and lower total costs over the life of the loan, the 15 year mortgage remains the less popular home loan choice.
The Findlocalmortaggerates.com survey results from the top five bank mortgage lenders for the week ending September 10th included the following 15 year and 30 year mortgage rates, points and APRs:
US Bank mortgage has a 30 year mortgage rate at 4.625% with no points and a 4.69% APR and a 15 year mortgage rate at 4.125% with no points and a 4.236% APR.
Wells mortgage rates were 4.375% with 1.0 point and a 4.530% APR on the 30 year and 3.75% rate with 1.0 point and a 4.017% APR on the 15 year loan.
Chase Mortgage rates were 4.875% with 0.125 points and a 4.942% APR on the 30 year term loan and 4.50% with 0.125 points for a 4.615% APR on the 15 year loan.
Bank of America mortgage rates for the 30 year mortgage were 4.625% with 0.875 points and a 4.746% APR and 4.00% with 1.0 point and a 4.231% APR for the 15 year mortgage rate.
Citibank mortgage rates closed the week at 4.875% with no points and a 5.009% APR on a 30 year home loan and 4.25% with 0.25 points for a 4.553% APR on the 15 year home loan.
Mortgage rates are current as of this publication date but all mortgage rates are subject to change and require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from multiple bank mortgage lenders throughout the country.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
Today’s Mortgage Rates September 9, 2010
Today’s mortgage rates are above last week’s low point but are ending this week slightly lower than where they started.
Based on the most recent survey of fixed rate mortgages performed by Findlocalmortgagerates.com, the average 30 year mortgage interest rate is at 4.65% with .45 points. The average 15 year mortgage interest rate is at 4.125% and .50 points.
While these mortgage rates have risen since the lows hit in the middle of the previous week, they are lower now than they were at the start of the week. The 30 year mortgage started the week at 4.70% with .475 points while the 15 year was at 4.15% and .50 points.
Results from the most today’s mortgage rate survey for the 30 year and 15 year mortgage at five of the largest bank mortgage lenders included the following mortgage rates and terms:
Chase mortgage rates on the 30 and 15 year loans were 4.75% with .125 points for an APR of 4.816% on the 30 and 4.50% with .125 points for a 4.615% APR for the 15.
Wells Mortgage rates for the 30 and 15 year mortgage were 4.375% with 1.0 point and a 4.530% APR for the 30 year and 3.750% with 1.0 point with a 4.017% APR on the 15 year home loan.
Bank America mortgage rates came in at 4.625% and 1.125 points with a 4.765% APR for the 30 year home loan and 4.125% with 1.0 point and a 4.35% APR on the 15 year.
SunTrust mortgage rates were 4.50% with 1.125 points and an APR of 4.627% for the 30 year and 3.875% with 1.125 points and a 4.091% APR on the 15 year loan.
TD mortgage rates for Sept. 9 were 4.625% and zero points with a 4.667% APR on the 30 year home loan while the 15 year was 3.875% and zero points with a 3.947% APR.
All mortgage loans and mortgage interest rates listed require bank approval and bank underwriting. Today’s mortgage rates and costs listed are current as of this publication date but are subject to change by the bank mortgage lenders and are not guaranteed.
Bank mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type and geographic location, along with other factors that will impact a specific loan request and may alter the mortgage rate and costs. The mortgage rates listed are based on mortgage loan amounts of approximately $250,000.00 with a 20% down payment for a single family owner occupied property.
The mortgage rates and points listed are just a sample of the rates from the Findlocalmortgagerates.com survey and are just a sample of the loan programs and mortgage rates that are available from these bank mortgage lenders.
Bank Mortgage Rates September 7th, 2010
rWhen shopping for the best mortgage rate, consumers should look at the average national mortgage rate and compare that mortgage rate with several mortgage lenders before applying for a new home loan. The Findlocalmortgagerates.com weekly bank mortgage lenders rate survey provides the average rate for the top five bank mortgage lenders as well as the individual mortgage rates from these lenders to make rate shopping for home loan less of a burden.
This week, the average 30 year fixed rate mortgage moved up for the first time in several days while the 15 year remained unaltered. The average 30 year fixed mortgage rate ended the week, September 3rd, with an interest rate of 4.70%. The average 15 year mortgage rate closed out at 4.15%.
The average pints charged to obtain these loan rates was higher for both loan programs. The average points charged by the top five bank mortgage lenders for those rates came in at .475 points on the 30 year and .50 points for the 15 year.
The Findlocalmortgagerates.com survey results from the top five bank mortgage lenders for the week ending September 3rd included the following 15 year and 30 year mortgage rates, points and APRs:
Wells Mortgage rates moved higher for the 30 year and held steady on the 15 year with the 30 year mortgage rate at 4.375% with 1.0 point and a 4.530% APR and the 15 year mortgage rate at 3.75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates were also higher on the 30 year term loan and unmoved for the 15 with a 30 at 4.875% with no points and a 4.931% APR and a rate of 4.50% with no points for a 4.596% APR on the 15 year loan.
Bank of America mortgage rates were little changed, the 30 year mortgage rate is 4.875% with 0.875 points for a 4.990% APR and the 15 year mortgage rate is 4.25% with 1.25 points for a 4.507% APR.
Citibank mortgage rates bucked the trend and moved marginally lower, the 30 year at Citi was 4.75% with 0.50 points and a 4.972% APR while the 15 year mortgage rate was 4.25% with 0.25 points and a 4.553% APR.
US Bank mortgage rates were higher for both terms, the US Bank 30 year mortgage rate is 4.625% with no points and a 4.69% APR and the US Bank 15 year mortgage rate is 4.00% with no points and a 4.11% APR.
Mortgage rates are affected by a number of factors for any particular loan request. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the credit, income, assets, geographic location and property of a particular loan.
Mortgage rates are current as of this publication date but all mortgage rates are subject to change and require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from multiple bank mortgage lenders throughout the country.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
ING Direct Mortgage Rates September 2, 2010
ING DIRECT offers mortgages for purchase transactions as well as refinances at competitive interest rates. ING DIRECT is the operating name of ING Bank which is headquartered in Wilmington, DE. ING DIRECT does banking business online, over the phone and by mail. ING Direct mortgage applicants can apply online or over the phone.
As an online mortgage lender, ING Direct delivers home mortgages with low closing costs and fees. ING Direct mortgage’s are not without closing costs such as the title search, appraisal, flood certification fee and other third party fees that must be paid at closing. Based on the information from ING Direct on their mortgage products, the first page of the loan application can estimate closing costs.
There is no application fee associated with the ING Direct mortgage application. There is also no origination points charged to obtain an ING Direct mortgage.
ING Direct’s online mortgage application form is quite simple and easy to navigate.
ING Direct mortgages are available on purchase transaction with a minimum down payment of 20%. ING Direct mortgages can be obtained for owner occupied properties and vacation homes with a down payment of 25% needed for vacation home mortgages.
One of the reasons ING can offer competitive mortgage rates is that the loan programs are for adjustable rate mortgages. Since most home loans are not held for than five years, the ING DIRECT mortgage options are for a 5/1 adjustable rate mortgage and a 7/1 adjustable rate mortgage.
With the adjustable rate mortgages offered by ING DIRECT, the mortgage rate can adjust either up or down at a maximum of 2 percentage points annually after the fixed term ends, and cannot increase by more than 6 percentage points over the life of the loan. The mortgage rate will not change during the initial fixed period of either 5 or 7 years.
Current ING Direct mortgage rates include:
5/1 adjustable rate mortgage has a mortgage rate of 3.25% and an APR of 3.396%
7/1 adjustable rate mortgage has a mortgage rate of 3.50% and an APR of 3.499%
Once an application is accepted by ING DIRECT, the mortgage rate is guaranteed for 60 days for purchases and 45 days for a refinance even if mortgage rates go up.
The ING DIRECT mortgage rate information is current as of September, 2, 2010. Mortgage rates are subject to change at any time and all home loans are subject to bank approval. The mortgage rates listed are based a loan amount of $250,000.00 and a 20% down payment.
For more information on the mortgage loans and mortgage rates offered by ING DIRECT, the mortgage lender can be reached at 1-866-327-4599.
WV Mortgage Rates August 25, 2010
Compare WV mortgage rates from top bank mortgage lenders in WV and the top bank mortgage lenders. Before a potential mortgage loan borrower shops for the best mortgage and best mortgage rates in WV, the Findlocalmortgagerates.com survey of today’s WV mortgage rates offers a quick and easy guide to compare the average mortgage interest rates available.
The mortgages in this week’s survey of WV mortgage rates include loans from two of the largest bank mortgage lenders and two local bank mortgage lenders. Wells Mortgage rates in WV and Bank America mortgage rates in WV were surveyed along with two WV based banks, Progressive Bank mortgage rates in WV and WesBanco mortgage rates.
Progressive Bank, which is headquartered in Wheeling, West Virginia offers a 30 year fixed rate loan at 4.50% with no points and an APR of 4.532%. The 15 year mortgage rate from Progressive Bank is at 4.00% also with no points and an APR at 4.055%.
WesBanco, which is also headquartered in Wheeling, WV offers a mortgage rate for a 30 year is at 4.375% with zero points and a 4.408% APR. The 15 year loan from WesBanco has a mortgage rate of 3.75% with zero points resulting in a 3.808% APR.
Wells Mortgage rates in WV are 4.25% with 1.0 point for the 30 year and 3.625% with 1.0 point on the 15 year. The APRS are 4.421% for the 30 year term and 3.921 for the 15 year term.
Bank America mortgage rates in WV include the 30 year mortgage loan at 4.875% with 1.125 points for a 5.036% APR and a 15 year home loan at 4.375% with .75 points and a 4.594% APR.
The mortgage rates in WV listed assume the borrower has good credit and requires a 20% or greater down payment for a single family, owner occupied home. WV mortgage rates are current as of this publication date but are subject to change. These are a sample of the mortgage rates and mortgage loans offered by these bank mortgage lenders, additional home loan programs and rates are available. Mortgage rates for a specific mortgage loan request will be dependent on the property, credit, income and other factors that determine a loan approval.
Progressive Bank’s mortgage loan department can be reached at (304) 233-0060. Progressive Bank is a community bank in WV that operates nine bank branch offices. Progressive Bank operates three offices in Ohio County, one office in Brooke County, one office in Marshall County, one office in Wetzel County, one office in Upshur County, and one office in Lewis County.
WesBanco Bank operates 111 bank branch offices in the states of West Virginia, Ohio and Pennsylvania. The bank’s loan department can be reached at 877-682-7944.
Wells Fargo home mortgage can be reached at 877-937-9357.
Bank America mortgage is available at 800-586-9861.
Today’s Mortgage Rates August 24, 2010
Today’s mortgage rates from the top bank mortgage lenders continued their downward drive. The average mortgage rate from the top ten bank mortgage lenders on the 30 year fixed rate mortgage has now reached 4.558% while today’s mortgage rate for the 15 year loan dipped to 4.025%. Mortgage rates are current as of August 24, 2010.
Today’s mortgage rates survey includes the average rate on a 30 year fixed rate home loan and 15 year fixed rate home loan and includes the mortgage interest rate, points charged and the APR. The average points needed to obtain today’s mortgage rates from the top ten bank lenders came in at .413 points for the 30 year and .35 points for the 15 year.
Results from the survey for the 30 year home loan found at five of the top ten bank mortgage lenders in the nation included:
Wells Mortgage rates on the 30 year home loan is 4.25% with 1.0 point and a 4.40% APR.
Chase mortgage rates on the 30 year is at 4.75% with .125 points for an APR of 4.816%.
Bank America mortgage rates are at 4.875% and 1.0 point with an APR at 5.022% for the 30 year term home loan.
SunTrust mortgage rates had the 30 year fixed rate mortgage at 4.25% with 1.50 points and an APR of 4.407%.
Key Bank mortgage rates for a 30 year mortgage is 4.58% and zero points with a 4.72% APR.
Mortgage rates and costs will vary based credit, loan amount, property type and location and other factors involved in underwriting. Today’s mortgage rates survey from Findlocalmortgagerates.com covers the largest bank mortgage lenders in the nation including based on loan amounts of $250,000.00 with a 20% down payment.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders listed. All mortgage loan s and mortgage loan rates are subject to mortgage lender approval.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed above are just a sample of the mortgage interest rates and costs compiled in the mortgage rate survey.
Top Bank Mortgage Rates August 23th, 2010
Mortgage rates from the top five bank mortgage lenders increased for the first time in several weeks. Based on the current bank mortgage rate survey performed by Findlocalmortgagerates.com, both the 15 year fixed rate mortgage and 30 year mortgage rate increased for the week ending August 20, 2010.
Mortgage rates from the top bank lenders diverged greatly in this week’s survey. The 30 year mortgage rate ranged from a low of 4.25% to high of 5.125% while the 15 year ranged from a low interest rate of 3.75% to a high of 4.625%. This is the widest rate difference posted this quarter.
In this week’s survey, the average 30 year mortgage rates rose to 4.725% while the average 15 year mortgage rate moved up to 4.20%. The average total points charged by the banks in the survey to obtain the 30 year rate dropped modestly to .425 points on average and the average points charged on the 15 year moved up modestly to 0.45 points.
The results from this week’s survey from the top five bank mortgage lenders included the following 15 year and 30 year mortgage rates and the points charged to obtain those rates:
Wells Fargo mortgage rates were lower for the 30 and 15 year term loans with the 30 year mortgage hitting 4.25% with 1.0 point and a 4.403% APR and the 15 year mortgage rate dropping to 3. 75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates were also lower for the 30 and mostly unchanged on the 15 year term with a 30 mortgage rate of 4.875% with zero points and a 4.931% APR and the 15 year rate at 4.50% with .125 points for a 4.615% APR.
Bank of America mortgage rates fell measurably on the 30 year to 4.875% with 1.125 points for a 5.032% APR while holding at 4.25% with 1.0 point for a 4.449% APR on the 15 year mortgage.
Citibank mortgage rates ticked up modestly with a 30 year home loan costing 5.125% with no points and an APR of 5.261% and 4.625% with .125 points and a 4.767% APR on the 15 year home loan.
US Bank mortgage rates slipped for the shorter term and remained constant on the 30. The 30 year rate from US Bank held at 4.50% with no points and a 4.564% APR and the 15 year dipped to 3.875% with no points and a 3.985% APR.
The Findlocalmortgagerates.com rate survey is current as of August 20, 2010, however all mortgage rates are subject to change. The bank mortgage rates, points and APRs listed may vary depending on the credit, income, assets and property of a particular loan. The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment. Rates may vary based on these factors as well as other loan conditions.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from multiple bank mortgage lenders throughout the country.
For more information on the mortgage loans products and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Today’s Mortgage Rates August 20, 2010
Today’s mortgage rates for August 20, 2010 moved lower once again. The average 30 year mortgage rate surveyed by Findlocalmortgagerates.com dropped down to 4.613%. Today’s 30 year mortgage rate is five basis points lower than the last survey on Wednesday August 18 when the average 30 year rate was 4.669%. Today’s 15 year mortgage rate was lower as well, falling to 4.044%.
The average points needed to obtain these mortgage rates edged up slightly with the average points charged on for the 30 year rising to .40 points and the average points charged for the 15 year increasing to .375 points.
Mortgage rates continued to drift lower as well the week progressed along with other bond rates and bank rates. The ten year Treasury bond drifted down from 2.64% on Wednesday to close at 2.62% by the close of Friday. The two year Treasury bond made a similar drop, coasting down from .51% on Wednesday to 0.49% on Friday.
Today’s mortgage rates survey from Findlocalmortgagerates.com covers the largest bank mortgage lenders in the nation including; Chase Mortgage, Bank of America, Wells Fargo, Citibank, US Bank, SunTrust Mortgage, Key Bank, Fifth Third Bank, HSBC Mortgage and TD Bank.
Results for the 30 year home loan from three of the top ten bank mortgage lenders in today’s mortgage survey included:
SunTrust mortgage rates had a 30 year at 4.375% with 1.375 points and an APR of 4.523% while the 15 year from SunTrust was 3.75% with 1.25 points and a 3.983% APR.
Wells Mortgage rates for a 30 year fixed rate mortgage was 4.25% with 1.0 point and a 4.571% APR and the 15 year home loan rate was 3.75% with 1.0 point and a 4.090% APR.
US Bank mortgage rates for a long term 30 year fixed rate mortgage is 4.50% and zero points with a 4.564% APR loan while the short term 15 year term loan is at 3.875% with no points for a 3.985% APR.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders listed. All home loan products and home loan rates are subject to mortgage lender approval.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment on a single family owner occupied property in California. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type, geographic location, as well as additional conditions that will impact the loan approval as well as the mortgage rate.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed are just a sample of the rates compiled in the mortgage rate survey.
Today’s Mortgage Rates August 18, 2010
Review today’s current mortgage interest rates from a variety of bank mortgage lenders. The current national average 30 year mortgage rate now stands at 4.669 percent; this is a slight increase from the average rates on Friday, August 13 which ended at 4.619%. The average origination and discount point charged by the bank mortgage lenders to obtain the rate fell from .40 points to .363 points.
The current 15 year mortgage rate is at 4.094 percent, and increase of eight basis points or 8/100 of a percent from Friday’s closing average mortgage rate of 4.011%. The average points charged by mortgage lenders to obtain the 15 year mortgage rate were also down, drifting to .338 points on average from .413 points on August 13.
The weak economic recovery across the globe is keeping a cap on mortgage interest rates movements; however mortgage rates will change daily often experiencing just mild changes day to day with some of the movements pushing rates slightly higher even while the interest rate market in general has hardly budged.
Today’s mortgage rates survey covers the largest bank mortgage lenders in the nation, results for the 30 year home loan from three of the top ten bank mortgage lenders in the survey included:
Wells Mortgage rates on a 30 year fixed rate home loan was 4.25% and a 1.0 point with an APR of 4.403% and the 15 year mortgage rate was 3.75% with 1.0 point for an APR of 4.017%.
Bank of America mortgage rates for the 30 year was 4.875% with 1.0 point and a 5.014% APR and 4.25% with 1.0 point and a 4.49% APR on the shorter term, 15 year mortgage loan.
Chase Mortgage rates came in at 5.00% and .125 points with a 5.068% APR for the 30 year home loan and 4.50% with no points for a 4.709% APR on the 15 year.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders. All home loan products and home loan rates are subject to mortgage lender approval.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment on a single family owner occupied property in California. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type, geographic location, as well as additional conditions that will impact the loan approval as well as the mortgage rate.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed are just a sample of the rates compiled in the mortgage rate survey.