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