Today’s FHA Mortgage Rates September 3, 2010
FHA mortgage rates ticked up modestly by the end of the week. Today’s average 30 year FHA mortgage rate moved up to 4.50% based on the most recent survey FHA mortgage rates performed by Findlocalmortgagerates.com. Earlier in the week the average 30 year FHA mortgage rate from the top bank mortgage lenders had fallen to 4.425%.
The average points charged by the top FHA mortgage lenders to deliver this rate was at 0.625 points. The average points charged has stayed in relatively tight range in the past 30 days with a high of .825 points and a low of .575 points. Today’s FHA mortgage rates survey showed the average points charged falling within a range of zero points on the low end and 1.375 points on the top end. The FHA mortgage interest rates ranged from 4.375% to 4.75%.
The top five bank mortgage lenders in this week’s survey, Wells Mortgage, US Bank Home Mortgage, Bank of America, SunTrust Mortgage and HSBC Mortgage offered the following 30 year FHA mortgage rates, points and APRs:
Wells mortgage 30 year FHA mortgage rate is 4.375% and 1.0 point with a 4.738% APR.
US Bank mortgage 30 year FHA mortgage rate is at 4.50% with zero points and a 5.01% APR.
Bank of America mortgage has a 30 year FHA with an interest rate of 4.75% with 0.75 points and an APR of 4.852%.
SunTrust mortgage rate is 4.375% with 1.375 points and an APR at 4.936% on the FHA 30 year home loan.
HSBC Mortgage offers the 30 year FHA loan with a mortgage rate of 4.50% with no points and an APR of 4.678%.
The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in Illinois with a loan amount of approximately $200,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lender.
Top FHA Mortgage Rates August 27, 2010
Current FHA mortgage rates have fallen along with conventional mortgage rates. Current 30 year fixed FHA mortgage rates are now under 4.50%. The most recent survey of the top FHA mortgage lenders performed by Findlocalmorgagerates.com shows the average 30 year fixed rate FHA mortgage is now at 4.425% with an average of 0.65 points.
FHA mortgage loans continue gain in popularity. Since the credit/mortgage crisis of 2007, mortgage lender guidelines have become increasingly restrictive. The rigid down payment requirements, combined with the overall restrictive lending guidelines for conventional home loans have caused an increase in FHA mortgage originations for home purchases this year.
The strict credit restrictions for conventional loans has also limited refinance activity and is causing an increase in FHA refinances for both existing FHA loans that are being refinanced from lower mortgage rates and existing conventional loans that are being refinanced into FHA loans to take advantage of both lower FHA mortgage rates and less severe credit, income and loan to value requirements.
The top five bank mortgage lenders in the survey offered the following 30 year FHA mortgage rates, origination and discount points and APRs:
Wells mortgage rate for a 30 year FHA home loan is 4.25% and 1.0 point with a 4.673% APR.
US Bank mortgage rate for an FHA loan with a 30 year term is at 4.50% with zero points and a 5.01% APR.
Bank of America mortgage offers the 30 year FHA mortgage rate at 4.625% with 1.125 points and an APR of 4.786%.
SunTrust mortgage rate is 4.25% with 1.125 points and an APR at 4.783% on the FHA 30 year home loan.
HSBC Mortgage rate for an FHA loan is 4.50% with no points resulting in an APR of 4.678%.
The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in Illinois with a loan amount of approximately $200,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lender.
FHA Mortgage Rates August 17, 2010
Today’s 30 year fixed FHA mortgage rate is now at 4.50% according to the most recent survey of the top FHA mortgage lenders performed by Findlocalmortgagerates.com. The average points charged to obtain the 4.50% FHA mortgage rate from the bank mortgage lenders in the survey came in at 0.70 points.
FHA mortgage rates continue to remain at historic low levels along with conventional mortgage rates. High down payments and tougher bank lending standards continue to make it difficult for a number of consumers to take advantage of the current low mortgage rates in the conventional market, which is ultimately pushing more borrowers into FHA loans for both home purchases and refinance transactions.
The top five bank mortgage lenders that are included in the Findlocalmortgagerates.com FHA mortgage rate survey are Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey from these bank mortgage lenders with the 30 year FHA mortgage rate, origination and discount points and APR’s are listed below.
The Bank of America mortgage rate on a 30 year FHA loan is 4.625% with 1.25 points and an APR of 4.770%.
Wells mortgage rate for a 30 year FHA is 4.50% and 1.0 point for a 5.233% APR.
US Bank mortgage rate is at 4.50% with zero points and a 5.271% APR for a 30 year term FHA home loan.
SunTrust mortgage rate on an FHA 30 year is 4.25% with 1.25 points and an APR at 4.794%.
HSBC Mortgage rate is 4.625% with no points and a 4.804% APR for a 30 year FHA mortgage loan.
FHA loans remain available with a down payment as low as 3.5%. Though the lending criteria for FHA loans has tighten along with conventional mortgages, the credit requirements, income and asset requirements for FHA loans remain significantly more flexible.
The FHA mortgage rates, costs and APRs listed are for owner occupied single family properties with a loan amount of approximately $250,000.00. The bank mortgage rates listed are current as of this publication date but are subject to change. All mortgage loans require bank approval, additional conditions and some restrictions may apply.
FHA Mortgage Rates July 7, 2010
FHA mortgage rates from the top five FHA bank mortgage lenders surveyed by Findlocalmortgagerates.com moved lower once again this week. The average rate on a 30 year fixed rate FHA home loan dropped down to an average mortgage rate of 4.65% and 0.625 points. In the previous week, the average 30 year FHA mortgage rate was 4.675% and 0.65 points.
FHA mortgage rates continue to mirror the reduction in rates that have also occurred in conforming mortgages. FHA loan rates, similar to conforming mortgage rates, are driven primarily by mortgage backed securities prices and rates, which continue to drop as the economy putters along.
FHA mortgage rates will generally have a higher APR than conforming home loans due to the higher cost of mortgage insurance charged at closing of an FHA loan.
The top five bank mortgage lenders in the FHA mortgage rate survey performed by Findlocalmortgagerates.com include; Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey including the individual bank FHA mortgage rates, points and APR’s are listed below.
The Bank of America mortgage rate on a 30 year FHA loan is 4.50% with 0.875 points and an APR of 4.603%.
Wells Fargo mortgage rate on a 30 year FHA mortgage loan is 4.625% and 1.0 point with a 5.364% APR.
US Bank mortgage rate on the 30 year FHA mortgage is 4.750% with no points and a 5.271% APR.
SunTrust mortgage rate for an FHA mortgage with a 30 year term is 4.625% with 1.25 points and a 5.186% APR.
HSBC Mortgage offers an FHA home loan with a mortgage rate of 4.750% with no points and an APR of 4.931%.
FHA mortgage rates and points listed are for owner occupied single family properties with a loan amount of $200,000.00. Mortgage loan programs, mortgage rates, terms and conditions are subject to change without notice. All home loans require bank approval, additional conditions and some restrictions may apply.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For additional information on the FHA mortgage rates and bank mortgage lenders listed:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
AZ Mortgage Rates June 2010
There are many mortgage options and mortgage rates available in Arizona. Finding and comparing all of the AZ mortgage rates and programs can be a daunting task. With mortgage rates dropping to record lows across the nation, Findlocalmortgagerates.com survey takes a look at the local mortgage rates in Arizona compared to the national mortgage rates.
Every borrower’s situation regarding a mortgage loan is different, by researching the mortgage rates and home loan products at a variety of mortgage lenders a borrower can find the best home loan to meet their individual requirements.
Today’s mortgage rates come from two of the top 25 largest banks in Arizona, First Arizona Savings and FirstBank of Arizona and two of the top largest bank mortgage lenders in the nation, SunTrust Mortgage and Chase Mortgage.
FirstBank has over 130 bank branch locations in Arizona, California and Colorado. A 30 year fixed rate mortgage in AZ from FirstBank has a mortgage rate of 4.625% with 1.0 point and an APR of 4.754%. The 15 year mortgage rate in Arizona at FirstBank is at 4.25% with 1.0 point and an APR of 4.449%.
First Arizona Savings is headquartered in Arizona with bank branch locations in North and South Scottsdale, Glendale, Kingman, Bullhead City, Lake Havasu City and Fort Mohave. The 30 year mortgage rate from First Arizona Savings is at 4.625% with 1.125 points and an APR of 4.753%. The 15 year mortgage rate at First Arizona Savings is at 4.500% with no points and a 4.552% APR.
The Chase Mortgage rate in Arizona for a 30 year fixed is at 5.125% with .375 points and an APR of 5.230%. The 15 year Chase Mortgage rate is 4.625% with 0.25 points and an APR of 4.783%.
The SunTrust Mortgage rate on a 30 year fixed rate home loan is 4.375% with 1.375 points and an APR of 4.523%. The SunTrust Mortgage rate on a 15 year fixed rate home loan is 3.875% with 1.125% and an APR of 4.091%.
The key for new home loan borrowers is to find a competitive mortgage rate with low closing costs combined with timely service from the bank or mortgage lender.
The Arizona mortgage interest rates, annual percentage rates and discount points shown are subject to change without notice. Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history and are based on an owner occupied property with a down payment of 20% or greater. Actual fees and mortgage rates in AZ will be based on the credit history of the applicant, the borrower’s income and assets as well as the property type, location and other factors.
The bank mortgage lenders listed can be reached at the following toll free numbers:
First Arizona Savings can be reached at 800-280-2800
FirstBank mortgage department can be reached at 866–964–2040
Chase Mortgage can be found at 800-873-6577
SunTrust Mortgage customer service is available at 800-634-7928