Bank Mortgage Lender Rates November 11, 2010
Bank mortgage lenders raised their rates modestly midweek. The average rate on the 30 year fixed rate loan and 15 year fixed rate loan was higher at the close of Tuesday compared to the end of the week on November 5th.
The average 30 year fixed rate mortgage from the top five bank mortgage lenders closed Tuesday at 4.35 percent up from Fridays close of 4.225 percent while the average 15 year mortgage rate from the top five bank mortgage lenders moved up to 3.725 percent from 3.625 percent at week’s end.
Points charged by the bank mortgage lenders remained unaltered. The average points charged for the 30 year mortgage remained at 0.55 points and the average points charged on the 15 year held at 0.45 points.
The bank mortgage rates surveyed were collected on the close of business on Wednesday November 10th. These rates and points are collected directly from the bank lenders and should reflect what a consumer should be offered from that lender. Note – mortgage rates change daily and are influenced by a variety of factors including the loan amount, the borrower’s credit profile, down payment amount and geographic location.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders on November 10th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rate on the 30 year is 4.125% with 1.0 point and a 4.277% APR and the 15 year rate is 3.375% with 1.0 point and a 3.639% APR.
Citibank mortgage rates for the 30 year mortgage was at 4.50% with 0.25 points for a 4.675% APR while the 15 year mortgage rate moved to 4.00% with 0.125 points for a 4.263% APR.
Chase Mortgage rate for a 30 year loan is 4.50% and 0.125 points for a 4.566% APR and the 15 year mortgage rate is 3.875% with no points for a 3.969% APR.
US Bank mortgage rates on the 30 year is 4.375% and no points for a 4.439% APR and 3.75% with no points with an APR of 3.860% for the 15 year term loan.
Bank of America mortgage rates on a 30 year mortgage came in at 4.25% with 1.0 point and a 4.378% APR and the Bank of America 15 year mortgage rate came in at 3.625% with 1.125 points and a 3.870% APR.
Information provided on the bank mortgage rates are believed to be accurate and reliable when placed on this site, but we cannot guarantee it is accurate or complete or current at all times. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates, points and APRs included in the survey 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 interest 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
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.
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.
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.