Top Five Bank Mortgage Rates March 15, 2010
Continuing our series on mortgage rates from the top five bank mortgage lenders, this week’s rate survey from findlocalmortagerates.com shows results on mortgage rates from the top five bank lenders through March 12, 2010 with changes from the previous week.
The five largest U.S. banks ranked by assets are Chase Bank, Bank of America, Citibank, Wells Fargo Bank and US Bank.
Mortgage rates are listed are for borrowers with good to excellent credit with a down payment of 20% or greater for a mortgage loan on a single family owner occupied property. Additional mortgage rates and point options are available from these mortgage lenders. Mortgage rates and points posted are subject to change and all loans would require bank approval. Please note that some of the loan listed may be region specific. All attempts were made to obtain similar rate quotes to help compare offers but data cannot be guaranteed.
Chase Home Mortgage has a 30 year at 5.125% with 0.25 point for an APR of 5.207%. This loan is .125 points ( not interest rate ) higher than the previous week.
Bank of America offers the 30 fixed rate mortgage at 4.875% with 0.75 points and an APR of 5.001%. This mortgage loan offer is 0.25 points ( not rate ) lower than the previous week.
Citibank markets the 30 year with a mortgage rate of 5.125% and 0.125 points and a 5.317% APR. The mortgage rate and points is unchanged from the previous week.
Wells Fargo Home Loan is at 4.875% on the 30 year fixed with 1.00 point and a 5.034% APR. The Wells mortgage rate is also unaltered from the prior week.
US Bank promotes a 30 year fixed rate home loan with a mortgage rate of 5.00% and no points with an APR of 5.066%. US Bank’s mortgage rate on the 30 year is lower by .125% on the week.
All mortgage rates are believed to be accurate and were verified on the date of this publication but interest rates are not guaranteed. For current mortgage rates and loan terms contact the mortgage lenders directly.
Mortgage representative contact information by bank:
Chas Bank 800-873-6577
Bank of America 800-551-7975
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524