Top Five Bank Mortgage Lender Rates June 21, 2010
Mortgage rates from the top bank mortgage lenders fell for the week ending June 18, 2010 based on the most recent survey of mortgage rates performed by Findlocalmortgagerates.com. The average mortgage rate for the both the 30 year fixed rate home loan and 15 year fixed rate home loan exhibited a reduction in rate for the week.
The 30 year mortgage rate average ended the week at 4.80% with .55 points compared to last week’s average 30 year mortgage rate of 4.85% with .575 points.
The survey result for the 15 year mortgage rate showed an average rate of 4.175% with .55 points as compared to the previous week’s average rate of 4.30% and .475 points.
The top five bank mortgage lenders in the mortgage rate survey included 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 30 year fixed rate home loan was 5.00% with 0.125 points and a 5.068% APR.
The Chase mortgage 15 year fixed rate home loan has a rate of 4.375% with .125 points and an APR of 4.951%.
Bank of America mortgage rate for a 30 year home loan is 4.625% with 1.375 points and an APR of 4.783%.
The Bank of America 15 year mortgage rate is 4.00% with 1.125 points and an APR of 4.235%.
Citibank offers the 30 year fixed home loan with a mortgage rate of 4.875% with 0.25 points and a 5.054% APR.
The Citibank mortgage rate for a 15 year fixed is 4.25% with .50 points and a 4.629% APR.
Wells Fargo Home Loans mortgage rate for the 30 year is 4.750% and 1.0 point and an APR of 4.939%.
Wells Fargo mortgage rate on the 15 year fixed is at 4.00% with 1.0 point and a 4.321% 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 promotes 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