FHA Mortgage Rates from the Top 5 FHA Bank Mortgage Lenders July 1, 2010
Long term FHA mortgage rates moved lower for the week based on the most recent survey of the top FHA bank mortgage lenders completed by Findlocalmortgagerates.com on July 1, 2010. The rate on the 30 year fixed rate FHA home loan dropped down to 4.675% this week. The average points charged to obtain that rate was also lower at 0.65 points.
The average 30 year FHA mortgage rate from the top 5 FHA bank mortgage lenders came in at 4.675% with 0.65 points and an APR of 5.106%.
FHA mortgage rates continued to drop along with conventional loan rates and the Treasury rates. Mortgage rates closely track the rates of the widely followed ten year Treasury bond and the ten year closed at its lowest level of the year, portending lower rates in the immediate future.
The top five bank mortgage lenders in the FHA mortgage rate survey 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 mortgage rates, points and APR’s are listed below.
Bank of America’s 30 year FHA mortgage rate is 4.625% with 1.0 point with an APR of 4.780%.
Wells Fargo Home Loans offers the 30 year FHA mortgage loan with a mortgage rate of 4.625% and 1.0 point with a 5.364% APR.
US Bank markets the 30 year FHA mortgage rate at 4.750% with no points and a 5.271% APR.
SunTrust Bank’s 30 year FHA mortgage has a mortgage rate of 4.625% with 1.25 points and a 5.186% APR.
HSBC Mortgage has an FHA home loan with a mortgage rate of 4.750% with no points and an APR of 4.931%.
Long term FHA mortgages are designed to provide low down payment financing and are one of the few options available for home buyers trying to finance a new home with as little cash as possible. The fixed rate mortgage provides a borrower with the security of a monthly payment that won’t change over the life of the life of the loan.
Mortgage rates listed are for owner occupied single family primary residences for loan amounts of $200,000.00. Mortgage loan programs, mortgage rates, terms and conditions are subject to change without notice. All 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 more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
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 5 FHA Bank Mortgage Lender Rates June 9, 2010
30 year FHA mortgage rates were mostly unchanged based on the survey of the top 5 FHA bank mortgage lenders performed by Findlocalmortgagerates.com June 9, 2010. The average FHA mortgage rate for a 30 year term home loan was down by 2.5 basis points from the previous week but the points charged to obtain that rate rose by 7.5 basis points. One basis point is equal to 1/100 of a percent.
The average 30 year FHA mortgage rate survey stood at 4.725% down from 4.75% in the prior week while the average pints charged was 0.825 points, up from 0.75 points in the preceding week.
FHA mortgage rates continue to be hovering around the same level as conforming loans. For example, Wells Fargo offers the same rate and points for a 30 year conforming loan and a 30 year FHA loan. Despite the same note rate, the APR on the two loans is different. FHA loans typically have slightly higher costs that result in a higher APR because of higher fees including mortgage insurance costs.
The top five bank mortgage lenders in this week’s survey included; 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 mortgage rates, points and APR’s are listed below.
Bank of America Home Loans offers the 30 year FHA mortgage rate at 4.50% with 1.5 points resulting in an APR of 4.673%.
Wells Fargo Home Loans markets the 30 year FHA loan at 4.750% with 1.0 point and a 5.497% APR.
US Bank’s 30 year FHA mortgage rate is 4.875% with no points and a 5.402% APR.
SunTrust Bank’s 30 year FHA mortgage rate is 4.625% with 1.625 points and a 5.129% APR.
HSBC Mortgage markets an FHA home loan with a 30 year terms with a mortgage rate of 4.875% with no points for a 5.057% APR.
The FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at their discretion without notice. All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes. Individual loan attributes such as property value, the borrower’s assets, income and credit profiles, as well as the geographic location may lead to different rates, points and APRs.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
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
Bank Mortgage Lender Rates June 6, 2010
The most recent survey of the 30 year and 15 year fixed mortgage rates from the nation’s largest bank mortgage lenders performed by Findlocalmortgagerates.com indicated that the costs of obtaining these loans has fallen once again.
While the advertised mortgage rates for both loan products was unchanged from the previous week, the points charged by the largest bank mortgage lenders was lower bringing the total cost to obtain the 30 year and 15 year fixed rate mortgage loan down for the week.
The average 30 year mortgage rate from the top five bank mortgage lenders is currently at 4.85%, unchanged from the prior week. The average points charged is .375 which is down from the preceding week’s average points charged of 0.60.
The average15 year mortgage rate from the top five bank mortgage lenders remained at 4.25% for the week. The average points charged is .575 and that is down from the earlier week’s average points charged of 0.70.
Whether you are a first-time home buyer or a current homeowner looking to buy a new property or refinance an existing mortgage with just a quick review of the bank loan rates listed, prospective borrowers can get a quick snapshot of the current mortgage rates by the largest bank mortgage lenders across the nation and help narrow down the search for the best mortgage rate and mortgage lender.
The top five mortgage lenders in the mortgage rate survey include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The 30 year mortgage rate and 15 year mortgage rate as well as the points charged and APRs from the individual bank mortgage lenders in this week’s survey were as follows:
Chase Bank mortgage has the 30 fixed mortgage rate at 4.875% with zero points and a 4.931% APR.
Chase Mortgage promotes the 15 fixed rate home loan with a mortgage rate of 4.25% with 0.375 points and an APR of 4.401%
Bank of America Home Loans markets a 30 year fixed mortgage rate at 4.875% with 0.625 points and a 4.955% APR.
A 15 year mortgage from Bank of America has a mortgage rate of 4.125% with 1.50 points and an APR of 4.399%.
Citibank mortgage’s 30 year mortgage rate is 4.875% with 0.25 points and a 5.054% APR.
Citibank’s 15 year fixed mortgage rate is 4.375% with no points and a 4.603% APR.
Wells Fargo Home Loans 30 year fixed mortgage rate is 4.750% and 1.0 point for a 4.939% APR.
The Wells Fargo 15 year fixed rate is at 4.25% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed rate loan with a mortgage rate of 4.875% and no points with a 4.941% APR.
The US Bank 15 year term mortgage rate is 4.250% and no points with a 4.361% APR
After searching for the best mortgage rate and term it can be equally important to interview the mortgage lender and look for the mortgage lender that offers an efficient process that ensures that you will receive a quick and easy underwriting process and loan closing.
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.
The bank mortgage lenders listed offer additional mortgage loan options including additional mortgage rate and point options. 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
The 30 year fixed rate and 15 year fixed rate 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.
Bank Mortgage Lenders Rates May 24, 2010
The overall cost to obtain a 30 year fixed rate home loan was down slightly for the week ending May 21, 2010. The average 30 year mortgage rate form the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com was unchanged at 4.85% while the average points charged to secure this rate was down five basis points or 5/100 of a percent to end the week at 0.60 points.
The overall cost to obtain a 15 year fixed rate home loan moved in the opposite direction and increased by a small margin for the week. The average 15 year mortgage rate was also unchanged at 4.225% while the points charged by the top five mortgage lenders increased by 7.5 basis points to close the week at 0.70 points on average.
This week’s mortgage rate survey results:
30 year mortgage rate average 4.85% with 0.60 points.
15 year mortgage rate average 4.225% with 0.70 points.
Previous week’s mortgage rate survey results:
30 year mortgage rate average 4.85% with 0.65 points.
15 year mortgage rate average 4.225% with 0.625 points.
The weekly mortgage survey results once again closely parallels the rate changes in the Treasury market. Treasury rates were lower once again with the ten year Treasury rate falling significantly more than shorter term Treasury rates which corresponds with the reduction in costs for the 30 year mortgage while the 15 year was up just slightly.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The mortgage rates for the 30 year mortgage and 15 year mortgage from the individual bank mortgage lenders, the points charged and APRs were as follows:
Chase Bank’s mortgage division offers the 30 mortgage rate at 4.875% with 0.375 points and a 4.964% APR.
Chase offers the 15 year mortgage rate at 4.25% with 0.50 points and an APR of 4.420%
Bank of America Home Loans has the 30 year fixed mortgage rate at 4.750% with 1.375 points and a 4.917% APR.
Bank of America’s 15 year mortgage rate is 4.125% with 1.50 points and an APR of 4.431%.
Citibank’s mortgage operation markets the 30 year mortgage rate of 4.875% with 0.25 points and a 5.054% APR.
Citibank promotes a 15 year fixed rate mortgage with a mortgage rate of 4.250% with 0.50 points and a 4.629% APR.
Wells Fargo Home Loans markets their 30 year fixed home loan with a mortgage rate of 4.875% and 1.0 point for a 5.065% APR.
While the Wells Fargo Home Loans 15 year fixed rate is at 4.25% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed rate loan with a mortgage rate of 4.875% and no points with a 4.941% APR.
The US Bank 15 year term mortgage rate is 4.250% and no points with a 4.361% APR.
The mortgage rates, points and APRs listed are subject to change and may be different 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. The 30 year fixed rate and 15 year fixed rate mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
The bank mortgage lenders listed offer additional mortgage loan options including additional mortgage rate and point options. 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
For information on CD rates offerd by these banks, please visit our sister publication Selectcdrates.com and find Chase Bank CD rates, Citibank CD rates, Bank of America CD rates, US Bank CD rates as well as Wells Fargo CD rates.
Top FHA Mortgage Rates May 21, 2010
FHA mortgage rates have continued to move measurably lower this week and are now at the lowest rates for the year. Based on the current survey of FHA mortgage rates from Findlocalmortgagerates.com, the average 30 year fixed rate FHA loan has a mortgage rate of 4.700% with 0.575 points. The current FHA mortgage rate from the top five FHA bank mortgage lenders is down from last week’s average rate of 4.95% with 0.70 points.
FHA loans are government insured loans through the US Department of Housing and Urban Development. The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer government insured mortgage loans through approved mortgage lenders. These home loans have features that usually make theses mortgage loans easier for first-time home buyers to obtain. The 30-year fixed rate mortgage remains one of the most popular loans for both conventional home financing and FHA loans.
Home loan borrowers who have existing FHA mortgages may want to consider the streamline refinance programs or conventional refinance programs for those borrowers interested in refinancing their existing VA or FHA Mortgage for a lower mortgage rate or to obtain cash out at these historically low mortgage rates.
The list below displays current FHA mortgage interest rates from the top FHA bank mortgage lenders in the U.S. including Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
Mortgage rates, points and closing costs may vary based on loan features, geography and/or other terms and conditions. Mortgage rates, points and closing costs are subject to change without notice.
The 30 year FHA mortgage rate at Bank of America Home Loans is now at 4.50% with 0.75 points with an APR of 4.607%.
Wells Fargo Home Loan offers the 30 year FHA mortgage rate at 4.75% with 1.0 point and an APR of 5.497%.
The current 30 year FHA mortgage rate with US Bank is at 4.625% with no points and a 5.271% APR.
SunTrust Bank has a 30 year FHA mortgage rate of 4.875% and 1.125 points with an APR of 5.083%.
HSBC Mortgage has dropped their 30 year fixed rate FHA home loan to 4.875% with no points and an APR at 5.067%.
All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes based in Illinois.
The mortgage lenders listed offer a variety of repayment terms and mortgage loan options for FHA loans as well as other mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
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 Five Mortgage Lenders 30 Year Mortgage Rates May 17, 2010
The average 30 year fixed rate mortgage from the top five bank mortgage lenders in the U.S. fell measurably for the week ending May 14, 2010 based on the recent mortgage rate survey performed by Findlocalmortgagerates.com. This is the second consecutive week of significant interest rate reductions in the mortgage market.
Mortgage rates from the top five bank mortgage lenders closed the week with an average mortgage rate of 4.850%. The average origination and discount points charged to obtain that rate rose moderately to 0.65 points. In the previous week, the average 30 year mortgage rate stood at 5.00% with 0.475 points.
The 15 year fixed rate loan was also lower for the week but by a smaller margin. The average 15 year fixed rate mortgage from the top five mortgage lenders was 4.225% with 0.625 points, down from the previous week’s average 15 year mortgage rate of 4.375% and 0.375 points.
This week’s results were once again were driven by financial market uncertainty which had pushed investment funds into safe and secure investments such as Treasury bonds and mortgage bonds. During the week of May 10th to May 14th, the ten year Treasury bond yield dipped from 3.57% to 3.44%. This was a drop of 13 basis points or 13/100 of a percent which closely matches the drop found in the 30 year mortgage rate.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The mortgage rates for the 30 year mortgage and 15 year mortgage from these individual mortgage lenders and the points charged were as follows:
Chase Bank Mortgage’s 30 mortgage rate is 4.875% with 0.375 points and a 4.964% APR.
The 15 year mortgage rate from Chase Home Mortgage is at 4.25% with 0.25 points and an APR of 4.383%
Bank of America Home Loans offers the 30 year fixed rate mortgage at 4.750% with 1.5 points and a 4.920% APR.
Bank of America Home Loan’s 15 year mortgage rate is 4.125% with 1.375 point and a 4.40% APR.
Citibank has a 30 year mortgage rate of 4.875% with 0.375 points and a 5.076% APR.
Citibank’s 15 year fixed rate mortgage is at 4.250% with 0.50 points leading to a 4.629% APR.
Wells Fargo Home Loans has a 30 year fixed mortgage with a rate of 4.875% and 1.0 point for a 5.065% APR.
The 15 year fixed rate mortgage at Wells is at 4.25% with 1.0 point and a 4.573% APR.
US Bank’s 30 year fixed rate home loan comes with a mortgage rate of 4.875% and no points with a 4.941% APR.
A 15 year term mortgage at US Bank has a mortgage rate of 4.250% and no points with a 4.361% APR.
The mortgage rates, points and APRs listed are subject to change and may be different depending on the credit, income, assets and property being purchased by the borrower. The mortgage rates, points and APRs in the 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 30 year fixed rate and 15 year fixed rate mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
The bank mortgage lenders listed offer additional mortgage loan options including additional mortgage rate and point options. 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 Mortgage Lenders Rates May 3, 2010
Mortgage rates from the top five bank mortgage lenders dropped rather measurably for the week ending May 7, 2010 according to the most recent survey of mortgage rates performed by Findlocalmortgagerates.com.
The average mortgage rate on a 30 year fixed rate mortgage loan from the top five mortgage lenders closed out the week at 5.00% with 0.475 points. This is a reduction in the average 30 year fixed rate mortgage of ten basis points or 10/100 of a percent. In the previous week, the average 30 year fixed rate came in at 5.10%. The amount of points charged by these mortgage lenders to obtain the rate was unchanged week over week.
With mortgage rates remaining quite low throughout most of this year thus far, a drop of this magnitude is fairly significant. Of course, market turbulence in the past few weeks brought on by the problems with the financial debt troubles in Greece has driven funds into safe investments such as U.S. Treasuries and mortgage backed securities. The ten year Treasury bond, which is one of the best barometers on the direction of mortgage rates, ( the best barometer being the rates on actual mortgage backed securities ) moved from a yield of 3.72% on Monday May 3rd to 3.57% on Friday may 7th. An interest rate reduction of that magnitude is not enough seen in just one week in the Treasury markets.
One concern regarding investor turmoil and the future direction of mortgage rates is that once the concerns regarding market instability subsides funds will flow into commodities and stocks and out of Treasuries and mortgage backed securities, reversing the direction of mortgage rates and subsequently driving rates higher. This outcome for mortgage rates is highly likely, however, the rate increases in the coming weeks will most likely be mild.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets.
The mortgage rates from these individual mortgage lenders in this week’s survey for the 30 year fixed rate home loan were as follows:
Chase Bank Mortgage’s 30 year fixed rate home loan has a mortgage interest rate of 5.125% with 0.375 points and a 5.215% APR.
Bank of America Home Loans has the 30 year fixed rate mortgage at 4.875% with 1.0 point and a 4.993% APR.
Citibank’s offers a 30 year fixed rate mortgage at 5.125% with no points and an APR of 5.261%.
Wells Fargo Home Loans markets the 30 year fixed rate mortgage loan at 4.875% and 1.0 point for a 5.065% APR.
US Bank has a 30 year fixed rate home loan with a mortgage rate of 5.000% and no points with a 5.066% APR.
There are a number of other mortgage loan options available from these mortgage lenders including additional rate and point options. The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the 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. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders 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 Mortgage Lenders Rates May 3, 2010
Mortgage interest rates remained in neutral for the week ending April 30th, 2010. However, the average points charged to obtain this mortgage rate by the top five bank mortgage lenders decreased slightly for the week. Average mortgage rates and points are based on the weekly survey of the largest US bank mortgage lenders performed by Findlocalmortgagerates.com.
The average rate on a 30 year fixed rate mortgage loan ended the week at 5.10%, the same rate as in the previous week’s mortgage rate survey. The average points charged to obtain that rate was 0.475 points, down juts slightly from last week’s average points charged of 0.50 points.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages includes Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets. The following data contains the results of the survey for these mortgage lenders for the 30 year home loan.
Chase Bank Mortgage has a 30 year fixed loan with a mortgage rate of 5.25% and 0.125 points and a 5.318% APR.
Bank of America Home Loans has the 30 year at 5.000% with 0.875 points witha 5.136% APR.
Citibank’s 30 year fixed rate mortgage is at 5.125% with 0.375 points and an APR of 5.329%.
Wells Fargo Home Loans has a 30 year fixed rate loan at 5.000% and 1.0 point for a 5.191%
US Bank’s 30 year fixed home loan at 5.125% and no points with a 5.192% APR.
The 30 year fixed rate home loan is the most popular mortgage financing option. This loan type generally gains in popularity when interest rates are low which narrows the difference in rates between adjustable rate mortgages and fixed rate loans. When rates are low, many borrowers also believe the most likely direction for mortgage rates in the future is higher and any advantage with the initial lower rate found in adjustable rate mortgages will be lost when rates increase and the adjustable rates adjust higher as well.
Many other mortgage loan options are available from these mortgage lenders including additional rate and point options for the loan types listed. The loan rates listed are for home purchase transactions, refinance rates may vary from purchase rates.
The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the 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. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders 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
Mortgage Rate Survey April 27, 2010
Mortgage rates moved mostly sideways during the past week based on the most recent survey of mortgage rates performed by Finidlocalmortgagerates.com. The average rate on a 30 year fixed rate home loan came in at 5.10% which is down from the prior week’s average 30 year fixed rate of 5.125%. While the base mortgage rate was down, the points charged to obtain this rate was up slightly. The average points charged on a 30 year fixed rate loan moved up from 0.375 points in the previous week to 0.500 points for the current week.
The average rate on the 15 year fixed rate home loan displayed a similar split in rate and point movement with the rate falling and the points charged increasing, though the rate decrease on the 15 year was more pronounced than that of the 30 year. The average 15 year fixed rate home loan came in at rate of 4.45% which is down from last week’s average rate of 4.60%. The points charged on average for the 15 year fixed rate loan was up modestly from 0.40 points to 0.45 points.
The top five mortgage lenders in this week’s survey included Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets. The following data contains the results of the survey for these mortgage lenders on the 15 year and 30 year home loan products.
Chase Bank Mortgage offers the 30 year fixed at 5.250% and no points with a 5.307% APR. The 15 year fixed rate home loan from Chase is at 4.625% with no points and a 4.721% APR.
Bank of America Home Loans has the 30 year at 5.000% with 1.0 point and a 5.136% APR. The 15 year at B of A is at 4.250% and 1.25 points with a 4.518% APR.
Citibank markets the 30 year is 5.125% with 0.50 points and an APR of 5.386%. Citibank markets the 15 year with a mortgage rate of 4.625% and no points resulting in a 4.910% APR.
Wells Fargo home Loans is offering the 30 year at 5.000% and 1.0 point for a 5.191% APR and the 15 year at 4.250% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed home loan at 5.1250% and no points with a 5.192% APR while the 15 year at US Bank is at 4.250% with no points and a 4.612% APR.
Many other mortgage loan options are available from these mortgage lenders including additional rate and point options for the loan types listed. The loan rates listed are for home purchase transactions, refinance rates may vary from purchase rates.
The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the 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. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders 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
NH Mortgage Rates April 26, 2010
Mortgage rates in New Hampshire have fallen modestly along with home loan rates across the nation. To compare mortgage rates in NH the following is a review of mortgage rates offered by Wells Fargo home Mortgage, one of the largest bank mortgage lenders, and Laconia Savings Bank, the largest bank in New Hampshire measured by assets.
Fixed rate mortgages are one of the most popular home loan options for buying a new home when rates are low as they are in this current rate environment therefore, the mortgage loans reviewed include the 30 year fixed as well as the 15 year fixed rate home loans.
The current 30 year fixed rate mortgage in New Hampshire offered Laconia Savings Bank is at 5.25% with no points and an APR of 5.280%. The 30 year fixed from Wells Fargo Home Loans is at 5.125% with 1.0 point and a 5.318% APR.
The 15 year fixed rate home loan from Laconia Savings Bank is at 4.500% with no points and an APR of 4.550%. Wells Fargo Home Loans is offering the 15 year fixed rate mortgage at 4.25% with 1.0 point and an APR of 4.573%.
The above mortgage rates in NH are based on a loan amount of $175,000.00 with a 20% or greater down payment for the purchase of a single family primary residence. Both of these bank mortgage lenders offer flexible home financing options to help purchase a new home. Other mortgage rate and point options are available for these term loans as well as other loan options from the mortgage lenders.
Mortgage rates are current as of this publication date but are not guaranteed. The NH mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. Existing homeowners looking to refinance may find the refinance rates may vary from the purchase rates.
New home buyers can find assistance with a loan preapproval at either Laconia Savings Bank or Wells Fargo Home Loans. A preapproval is a written agreement from the mortgage lender indicating they will finance a home purchase up to a specific amount, subject to certain conditions.
For current mortgage rates from these NH mortgage lenders or additional information on their home loan products, Wells Fargo Home Loans can be reached at 877-937-9357 and Laconia Savings Bank can be reached at 800-832-0912.