Top Bank FHA Mortgage Rates September 30, 2010
FHA mortgage rates plummeted to start the week but have ticked up modestly as the week comes to a close. Even with a mild rise in rates, FHA mortgage rates remain extremely low. Unfortunately, even as the ultra low FHA mortgage rates have made monthly housing payments look as affordable as ever, new home buyers and existing homeowners are not running to the their bank mortgage lender to take out new home loans.
Despite these low rates, many mortgage shoppers are still intimidated by the process of comparing and applying for a new home loan. The Findlocalmortgagerates.com FHA mortgage rate survey is designed to make that process much easier. By providing the mortgage rates from the top five bank FHA mortgage lenders, consumers can quickly shop and compare rates.
Whether you are a new home buyer or existing borrower seeking a refinance, reviewing the top five bank lending rates will help to facilitate the process of comparing and choosing among the available mortgage rates. Choose one of these mortgage lenders or use the information to compare rates with local mortgage lenders and banks.
FHA mortgage rates today have moved up slightly to an average interest rate of 4.425 percent. The average points charge by the top FHA mortgage lenders to obtain this rate was unchanged at 0.575 points.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for September 30, 2010:
SunTrust mortgage FHA loan rate on a 30 year term is at 4.25% with 1.0 point and an APR at 4.862%.
Wells mortgage rate on a 30 year FHA mortgage loan has a rate of 4.25% and 1.0 point with a 4.593% APR.
Bank of America mortgage rate is 4.50% with 0.875 points and an APR of 4.641% on the 30 year FHA home loan.
US Bank mortgage rate for the 30 FHA mortgage is 4.50% with no points with a 5.01% APR.
HSBC Mortgage FHA loan rate for a 30 year loan is at 4.625% with no points and a 4.804% APR.
30 year FHA mortgage rates continue to remain at almost the same levels as conforming 30 year mortgage rates today.
The FHA mortgage rates, discount points and APRs listed from the bank mortgage lenders are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. 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 on specific loan requests.
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.
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.
Top Five Bank Mortgage Rates July 19, 2010
After the Fed released the minutes on their last meeting that indicated the economy is not roaring ahead anytime soon, mortgage rates moved lower once again. Mortgage rates are determined by a number of factors, but are strongly influenced by the economy and demand for fixed income assets such as Treasury securities and, of course, mortgage backed securities. As the economy has dragged along, demand for these investments has remained strong pushing rates lower.
In the weekly mortgage rate survey of the top five bank mortgage lenders performed by Findlocalmortgagerates.com, both the 30 year fixed mortgage rate 15 year fixed mortgage rate shifted lower.
The average rate for the 30 year fixed rate mortgage dropped down to 4.750% from 4.775% in the previous week. The average points charged was up slightly to 0.475 from 0.45 points in the previous week.
The average 15 year fixed mortgage rate moved down to 4.20% from 4.225% in the previous week. The average points charged to obtain the rate on the 15 year remained unchanged at .45 points.
The Findlocalmortgagerates.com survey is designed to help consumers make informed choices when looking for the best mortgage and best mortgage rate. Results from the survey included the following bank mortgage lender rates, points and APRs on the 30 year and 15 year fixed rate home loan.
Chase Mortgage rates included the 30 year home loan at 4.875% with 0.25 points and a 4.953% APR and 15 year mortgage rate of 4.375% with zero points and an APR of 4.471%.
Bank of America mortgage rates for the 30 year and 15 year mortgage were 4.75% with 1.0 point and an APR of 4.877% for the 30 year and 4.125% with 1.25 points for a 4.382% APR on the 15 year.
Citibank offers a 30 year mortgage rate at 5.00% with 0.125 points for a 5.158% APR and 4.50% with no points with a 4.729% APR for the 15 year mortgage.
Wells Fargo mortgage rate on a 30 year mortgage is 4.50% with 1.0 point resulting in a 4.686% APR while the 15 year mortgage rate is at 3.875% with 1.0 point and a 4.195% APR.
US Bank mortgage rate is 4.625% with zero points and a 4.690% APR for a 30 year and 4.125% with zero points for a 4.236% APR on the 15 year term home loan.
The bank mortgage lenders listed offer a number of different rate and point options as well as a variety of additional home loans including FHA loans, adjustable rate mortgages, jumbo loans and more.
Bank mortgage rates are current as of this publication date but subject to change. The bank mortgage lender rates listed as well as the points and APRs may vary depending on the credit, income, assets and property being purchased by the borrower. All mortgage loans are subject to bank approval and additional conditions will apply.
The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
For more information on the above listed mortgage rates and loans, the bank mortgage lenders listed can be reached directly at the following numbers:
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
Bank Mortgage Rates July 12, 2010
The 30 year and 15 year mortgage rates from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com were little changed for the week ending July 10, 2010.
The average rate for the 30 year fixed rate mortgage remained unchanged at 4.775%. The average points charged increased marginally to 0.45 from 0.425 points in the previous week.
The average 15 year fixed rate loan moved higher by just two basis points or 2/100 of a percent bringing the rate up to 4.225% from 4.20% in the prior week. The average points charged to obtain that rate fell modestly to .45 from .50 points in the preceding week.
Results from this week’s mortgage rate survey included the following mortgage rates, points and APRs on the 30 year and 15 year fixed rate home loan from the individual bank mortgage lenders:
The Chase Mortgage rate for the 30 year is 5.00% with zero points and a 5.056% APR while the 15 year mortgage from Chase has a mortgage rate of 4.500% with zero points and an APR of 4.596%.
Bank of America mortgage rates for the 30 year is 4.75% with 1.0 point and an APR of 4.868% and 4.125% with 1.25 points for a 4.368% APR on the 15 year term mortgage.
Citibank mortgage rate for the 30 year fixed is 5.00% with 0.25 points and an APR at 5.180% and 4.50% with no points and a 4.729% APR for the 15 year fixed rate mortgage.
Wells Fargo mortgage rate on a 30 year home loan is 4.50% and 1.0 point and an APR of 4.686% while the 15 year fixed rate mortgage from Wells Fargo is at 3.875% with 1.0 point and a 4.195% APR.
US Bank mortgage rate for a 30 year is 4.625% with no points and a 4.69% APR and 4.125 with no points for a 4.236% APR on the 15 year mortgage.
The bank mortgage lenders listed offer a number of different rate and point options as well as a variety of additional home loans including FHA loans, adjustable rate mortgages, jumbo loans and more.
Bank mortgage rates are current as of this publication date but subject to change. The bank mortgage lender rates listed as well as the points and APRs may vary depending on the credit, income, assets and property being purchased by the borrower. All mortgage loans are subject to bank approval and additional conditions will apply.
The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
For more information on the above listed mortgage rates and loans, the bank mortgage lenders listed can be reached directly at the following numbers:
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
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
Top Bank Mortgage Rates July 5, 2010
30 year mortgage rates from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com were unchanged for the week while the points charged to obtain the rate dropped modestly. For the shorter, 15 year term home loan, the average rate increased marginally as did the average points charged.
The average mortgage rate in the survey for the 30 year term loan closed the week at 4.775% with 0.425 points. The drop in points pushed the average APR for the 30 year down from 4.917% last week to 4.906% in the current week. The 15 year mortgage rate ended at 4.20% with .50 points up from last week’s average rate and points of 4.175% and .40 points.
Results from the mortgage rate survey included the following rates, points and APRs from the individual bank mortgage lenders.
The Chase Mortgage rate for the 30 year home loan is 5.00% with 0.375 points with a 5.090% APR. The 15 year mortgage rate from Chase is at 4.500% with .125 points and an APR of 4.615%.
Bank of America mortgage rate is 4.75% with 1.0 point and an APR of 4.906% for a 30 year mortgage loan and 4.125% with 1.125 points with a 4.411% APR for the 15 year maturity.
Citibank mortgage rate is 4.875% with 0.125 points and a 5.031% APR on a 30 year and 4.25% with .25 points and a 4.533% APR for the 15 year fixed rate mortgage.
Wells Fargo mortgage rate for the 30 year is 4.625% and 1.0 point and an APR of 4.812% and the 15 year fixed rate mortgage from Wells Fargo is at 4.00% with 1.0 point and a 4.321% APR.
US Bank mortgage rate is 4.625% with no points and a 4.69% APR for a 30 year fixed rate home loan and 4.125 with no points and a 4.236% APR on the 15 year term home loan.
The bank mortgage lenders listed offer a variety of additional home financing options including FHA mortgage loans, adjustable rate mortgages, jumbo loans and more. These mortgage rates are listed for information purposes to help consumers find local mortgage rates that best fit their needs.
Bank mortgage rates are current as of this publication date but subject to change. All mortgage loans are subject to bank approval.
The bank mortgage lender rates listed as well as the points and APRs are subject to change and may vary depending on the credit, income, assets and property being purchased by the borrower.
The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
For more information on these mortgage rates, the bank mortgage lenders listed can be reached directly at the following numbers:
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
Top Five Bank Mortgage Rates June 28, 2010
Mortgage rates from the top five bank mortgage lenders fell for the week ending June 25, 2010. The average rate from the top five bank mortgage lenders fell by 2.5 basis points at the end of the week, pushing the 30 year mortgage rate down to 4.775%. The average 15 year fixed rate mortgage was unchanged at 4.175%.
The average 30 year mortgage rate ended the week at 4.775% with 0.60 points and an APR of 4.917%.
The average 15 year mortgage rate ended the week at 4.175% with 0.40 points and an APR of 4.468%.
Based on the most recent survey of mortgage rates performed by Findlocalmortgagerates.com, rates from all five bank mortgage lenders were down with the exception of the mortgage rates from Chase Mortgage which edged up slightly.
The individual results from the mortgage lenders in the mortgage rate survey included the following rates, points and APRs:
Chase Mortgage rate on the 30 year fixed rate home loan is 5.125% with 0.25 points and a 5.204% APR.
The Chase Mortgage rate on the 15 year fixed rate home loan has a rate of 4.500% with .125 points and an APR of 5.092%.
Bank of America mortgage rate for a 30 year home loan is 4.625% with 1.25 points and an APR of 4.784%.
The Bank of America 15 year mortgage rate is 4.00% with 0.875 points and an APR of 4.216%.
Citibank mortgage rate for a 30 year fixed home loan is 4.750% with 0.50 points and a 4.972% APR.
The Citibank mortgage rate for a 15 year fixed home loan has a rate of 4.25% with no points and a 4.477% APR.
Wells Fargo mortgage rate for the 30 year is 4.625% and 1.0 point and an APR of 4.812%.
Wells Fargo mortgage rate on the 15 year fixed is at 3.875% with 1.0 point and a 4.195% APR.
US Bank mortgage rate for a 30 year fixed rate home loan is 4.75% and no points with a 4.815% APR.
US Bank has a 15 year mortgage rate at 4.250% and no points with a 4.361% APR.
The bank mortgage lender rates listed as well as the points and APRs are subject to change and may vary depending on the credit, income, assets and property being purchased by the borrower.
Mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed. All mortgage loans are subject to bank approval.
The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
The bank mortgage lenders listed offer a variety of additional home financing options to help find the loan that best fits a borrowers needs. For more information on these mortgage rates, the bank mortgage lenders listed can be reached directly at the following numbers:
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
Bank Mortgage Lender Rates in Texas
Home buyers in Texas have a wide choice of options to help finance a home purchase. To help select a bank mortgage lender in Texas, Findlocalmortgagerates.com provides the following survey of conventional and FHA mortgage rates in Texas from two of the largest bank mortgage lenders in the U.S., Bank of America and US Bank, and two Texas based bank mortgage lenders, American State Bank and Amarillo National Bank.
This survey, which includes Texas mortgage rates on 30 year conventional fixed rate home loans and FHA mortgage rates, is designed to help prospective home buyers narrow down their search for the best mortgage lender.
Buyers looking for a home loan that requires less of a down payment may want to consider an FHA mortgage but should compare both conventional and FHA loan types to determine which financing type may be the most appropriate.
An FHA insured and guaranteed mortgage loan are designed to make purchasing a home easier with more affordable down payment and cost options, especially for the first-time home buyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed with an FHA loan. The fixed rate loan option provides borrowers with a fixed interest rate over the term of the loan.
The results of the mortgage rate survey include:
American State Bank offers a 30 year fixed FHA mortgage rate at 4.75% with no points and an APR of 4.832%.
The 30 year conventional home loan rate in Texas from American State Bank is also at 4.75% with no points and an APR of 4.832%.
Amarillo National Bank offers a 30 FHA mortgage rate in Texas at 4.625% with zero points and a 5.042% APR.
The conventional 30 year fixed rate mortagge from Amarillo National Bank is at 4.75% with no points and a 4.786% APR.
A FHA mortgage from Bank of America on a 30 year fixed rate loan has a rate of 4.50% with 0.75 points and a 4.596% APR.
Bank of America mortgage rate in Texas on a 30 year fixed rate conventional loan is 4.75% with 1.0 point and an APR of 4.868%.
US Bank offers a 30 year FHA home loan in Texas with a mortgage rate of 4.875% and no points with an APR of 5.402%.
The 30 year conventional mortgage rate from US Bank is 4.75% with zero points and an APR of 4.815%.
All Texas mortgage rates listed are current as of this publication date but are subject to change without notice. All loans are subject to bank approval and additional conditions will apply. Not all mortgage applicants will qualify for these rates. Additional mortgage rates and point options are available from these mortgage lenders in Texas. Review the current mortgage rates and costs with each mortgage lender before committing to a final loan request.
American State Bank mortgage center can be reached at 806-767-8260. American State Bank offers mortgage loans in Texas and New Mexico.
Amarillo National Bank and an ANB Mortgage loan representative can be reached at 806-378-8000.
US Bank mortgage rate information can be obtained by calling the bank at 800-365-8544.
Bank of America Home Loans can be reached at 800-586-9861.