Bank FHA Mortgage Rates October 15, 2010
FHA mortgage rates increased modestly at the close of Friday, October 15. Long term bond rates moved higher towards the end of the week including the rats on mortgage backed securities, which drove mortgage rates higher. Mortgage rates closed the week moderately higher for both conforming loans as well as FHA mortgage loans.
With FHA mortgage rates continuing to hover close to conforming loan rates but remaining easier to qualify for, FHA mortgage rates have been a top choice for consumers looking to purchase a new home and refinance to a lower mortgage interest rate.
The average 30 year FHA mortgage rate increased by 2.5 basis points, bringing the average mortgage rate up to 4.30 percent. The average points charged by the top five bank mortgage lenders rose to 0.875 points and the average APR ended the week at 4.661 percent.
Mortgage insurance and FHA fees often make closing costs on an FHA mortgage loans higher than the costs of conforming loans which makes the APR on the FHA loan greater than that of a similar term and rate conforming loan.
FHA home loans are available for first time buyers as well as other home buyers or existing homeowners looking to refinance their home loan.
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 October 15, 2010:
Wells Mortgage FHA mortgage rate on a 30 year loan is 4.25% and 1.0 point and a 4.488% APR.
Bank of America FHA mortgage rate is 4.25% with 1.25 points and an APR of 4.406% on the 30 year term loan.
SunTrust mortgage FHA loan rate is 4.125% with 2.125 point and an APR at 4.858% for the 30 year 30 mortgage.
US Bank mortgage 30 FHA mortgage rate is 4.25% with no points and a 4.75% APR.
HSBC Mortgage FHA loan rate for a 30 year loan is at 4.625% with no points and a 4.804% APR.
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.
FHA Mortgage Rates September 22, 2010
FHA mortgage rates moved lower mid week along with almost all other mortgage loan products. The continued economic weakness combined with the release of a Fed statement on Tuesday pushed FHA mortgage rates dramatically lower. By Wednesday morning mortgage rates had dropped another four basis points or 4/100’s since the beginning of the week.
The average 30 year fixed rate FHA loan mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com was reduced to 4.375 percent on September 22, 2010. The average points charged to obtain the 30 year FHA loan rate was also lower at mid week. Based on the survey, the average points charged on the 30 year FHA mortgage dropped to .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:
Wells mortgage rate on a 30 year FHA loan has an interest rate of 4.25% and 1.0 point for an APR of 4.593%.
Bank of America mortgage rate on the FHA home loan with a 30 year term is 4.25% with 0.875 points and an APR of 4.380%.
US Bank mortgage 30 FHA mortgage rate is 4.50% with no points with a 5.01% APR.
SunTrust mortgage rate for an FHA loan is at 4.25% with 1.0 point and an APR at 4.873%.
HSBC Mortgage rate for a 30 year FHA loan is at 4.625% with no points and a 4.804% APR.
As mortgage rates have continued to move lower the spread between FHA rates and conforming rates has narrowed appreciably. The FHA mortgage rates are lingering at almost the same levels as conforming 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.
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.
FHA Mortgage Rates Today September 12, 2010
Current FHA mortgage rates remained relatively stable this week in light of the measurable rise in Treasury rates that occurred over the past week. A gloomy outlook for the economy had been hurting stocks but helping bring money into Treasury bonds and mortgage backed securities, which brings down mortgage rates. This past week has seen the first sustainable rise in interest rates which is likely to product higher mortgage rates in the coming weeks.
As a result of the general rise in interest rates this week, FHA mortgage rates increased for the week but the magnitude of the change is quite mild. Today’s 30 year fixed rate FHA loan has an average interest rate of 4.550% with 0.675 points based on the survey of the top FHA mortgage lenders performed by Findlocalmortgagerates.com.
The top five bank FHA mortgage lenders in the weekly survey promoted the following 30 year FHA mortgage rates, points and APRs:
Bank of America mortgage rate for the 30 year FHA home loan is at 4.625% with 1.125 points and an APR of 4.786%.
The 30 year FHA loan at Wells mortgage has an interest rate of 4.375% and 1.0 point for an APR of 4.721%.
SunTrust mortgage rate for an FHA loans is at 4.375% with 1.25 points and an APR at 4.924%.
US Bank mortgage offers the 30 FHA mortgage with an interest rate of 4.75% with no points resulting in an APR of 5.271%.
HSBC Mortgage rate for an FHA loan with a 30 year term is at 4.625% with zero points and a 4.804% APR.
The total cost of a 30 year FHA mortgage remains above that of a 30 year conventional home loan however, the mortgage note rate ( excluding points and the APR ) on an FHA loan is now below that of the average 30 year conventional mortgage.
The FHA mortgage rates, discount points and APRs listed 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.
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.
US Bank Home Mortgage Arkansas North Little Rock
US Bank home mortgage loan officer contact for North Little Rock, Arkansas. US Bank home mortgage offers several means for starting a home loan application. Contacting the local loan officer in North Little Rock in one method for prospective borrowers to start the mortgage loan process. Potential borrowers can also call the mortgage specialist toll free number at 888-831-7524 or fill out a mortgage loan application online.
The US Bank home mortgage representative in North Little Rock, Arkansas:
Laura Criner
Mortgage Loan Officer
U.S. Bank Home Mortgage
3703 McCain Blvd.
North Little Rock, AR 72116
Office: 501-758-3537
Cell: 501-804-7390
Fax: 501-791-2095
Laura.criner@usbank.com
By contacting the toll free phone representatives or the local loan officer or by using the banks’ online resources new home loan borrowers can obtain information on home purchases, refinances and preapprovals for a variety of loans.
For purchase requests, consumers can obtain information on preapprovals, loan applications, and an understanding of the approval process.
First time homebuyers can obtain information on qualification requirements and the necessary documents needed to process a mortgage loan request.
Those existing homeowners looking to refinance can find information about lowering the mortgage rate, reducing the term, or obtaining a cash out refinance.
Representatives at US Bank home mortgage can help determine how much you can afford, estimate the monthly mortgage payments, compare the various loan options available, and more.
US Bank Home Mortgage Arkansas Bryant
US Bank home mortgage loan officer contact for Bryant, Arkansas. U.S. Bank Home Mortgage is part of U.S. Bancorp. US Bank is a financial services holding company that is headquartered in Minneapolis, Minnesota and has bank branch locations in 24 states.
U.S. Bank home mortgage has an extensive offering of loan programs, including: fixed rate mortgages, adjustable rate mortgages, low down payment/ high loan to value programs, second home purchase programs, jumbo loans and FHA loans.
Contact information for the US Bank Home Mortgage representative in Bryant, Arkansas:
Debbie Hairston-Arroyo
Mortgage Loan Officer
U.S. Bank Home Mortgage
100 Commerce
Bryant, AR 72022
Office: 501-847-3246
Cell: 501-786-1825
Fax: 501-847-6243
Debbie.hairston@usbank.com
Along with contacting the local loan officer, consumers looking for home mortgages for a purchase or refinance can contact the US Bank main toll free mortgage specialist line at 888-831-7524, locate the local US Bank branch, send an email request t or fill a mortgage application online.
The US Bank website also provides tool resources to find the best mortgage to fit your needs with current mortgage rates and mortgage calculators including a pre-qualification calculator.
Once a borrower has a US Bank mortgage account the online resources of the bank allows the users to pay their mortgage online, view their mortgage payment history and review their monthly mortgage statement.
US Bank Home Mortgage Arkansas Heber Springs
US Bank home mortgage loan officer contact for Mountain Home, Arkansas. US Bank’s mortgage division can assist with a variety of mortgage loan needs through the local loan officer, on the bank website or via the home mortgage toll free number at 888-831-7524.
U.S. Bank National Association provides various banking and financial services in the United States. U.S. Bank home mortgage offers a range of mortgage loans and mortgage services throughout the United States.
In addition to traditional home loan purchases, jumbo home loans and FHA loans, US Bank offers a number of mortgage refinance options such as fixed rate and adjustable rate mortgage refinances, streamline refinancing for current US Bank home mortgage customers and FHA streamline refinance loans.
Brandon Clemons
Mortgage Sales Manager
U.S. Bank Home Mortgage
821 West Main Street
Heber Springs, AR 72543
Office: 501-362-7346
Cell: 501-831-5034
Fax: 501-362-2132
Brandon.clemons@usbank.com
Along with the information that is available from the local loan officer, there is a abundance of information available on the bank website to help consumers make informed choices about the best options regarding home loans mortgage services.
For consumers in the market for a new home or seeking to refinance, you can learn about every step in the mortgage process, from pre-qualifying to closing the mortgage loan from the bank website, the local loan officer or the toll free number for US Bank home mortgage at 888-831-7524.
US Bank Home Mortgage Arkansas Conway
US Bank home mortgage loan officer contact for Conway, Arkansas. U.S. Bank Home Mortgage is the retail mortgage lending division of US Bank. The company HQ is based in Minneapolis, Minnesota.
To begin the home mortgage process with US Bank, a prospective borrower can contact the loan officer, speak a representative through the toll free phone number of 888-831-7524 for new home purchases or 800-365-5001 for existing mortgage refinance transactions or a prospective borrower can fill out a mortgage loan application online.
US Bank home mortgage loan officers and representatives can provides information and resources to compare mortgage loan options, mortgage rates, home equity loans and refinancing rates. Mortgage rate information is also available on the US Bank website.
US Bank home mortgage loan options include fixed rate home mortgages with a variety of terms, adjustable rate mortgages, government loan programs and jumbo loans. Mortgage loan programs, mortgage interest rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and the transaction. All home loans are subject to bank approval.
Kim Smith
Mortgage Loan Officer
U.S. Bank Home Mortgage
1122 Van Ronkle
Conway, AR 72032
Office: 501-328-0444
TollFree: 877-738-2783
Cell: 501-472-4188
Fax: 501-450-0034
Kimberly.smith@usbank.com
US Bank provides various banking and financial services. US Bank is based in Minnesota and has bank branch locations in 24 states. The bank operates over 2,500 bank branches and 5,000 ATMs. Bank retail services and products include checking and savings accounts, credit cards, mortgages, home equity and student loans as well as insurance and private banking.
The bank delivers it products and services through the retail bank branches, telebanking, online banking, direct mail, and automated teller machine services.