WA Mortgage Rates July 2, 2010
Findlocalmortgagerates.com has surveyed Washington mortgage rates with two of the top ten largest banks based in The Evergreen State, Cascade Bank and HomeStreet Bank, as well as two of the top ten largest banks in the U.S., Bank of America and SunTrust Bank, in order to get a snapshot of local mortgage rates.
Buying or refinancing a home is an important decision that requires a certain amount of shopping. By shopping and comparing the largest bank mortgage lenders and local bank mortgage lenders, prospective borrowers can obtain the knowledge to make an informed choice about the home loan that’s right for their needs.
Current mortgage rates in Washington from these four lenders include the following rates, points and APR’s:
Cascade Bank, the seventh largest Washington based bank offers a 30 year fixed rate mortgage with a rate of 4.500% and zero points and a 4.527% APR. The 15 year mortgage rate in Washington from Cascade is currently 4.000% with 0.875 points with a 4.177% APR.
HomeStreet Bank, the sixth largest Washington based bank, offers a 30 year mortgage rate in WA at 4.50% with a 1% origination fee and an APR of 4.657%. The 15 year mortgage from the bank is at 3.875% with a 1% origination fee and an APR of 4.145%.
Bank of America 30 year fixed rate mortgage rate in Washington is 4.625% with 1.0 point and an APR of 4.78%. A 15 year mortgage rate from Bank of America is at 4.125% with 1.0 point and a 4.391% APR.
SunTrust Mortgage rates in Washington include the 30 year fixed rate home loan at 4.625% with 1.125 points and an APR of 4.754% as well as the 15 year loan with a mortgage rate of 4.125% with 1.25 points and a 4.363%.
The interest rates, annual percentage rates and points shown are for illustration purposes and are based on $200,000.00 loan amounts with a 20% or greater down payment for an owner occupied property with a borrower that has an excellent credit history. These WA mortgage rates are subject to change without notice and bank approval is required for all home loans.
Other mortgage loan programs, rates and fees may be available from these WA mortgage lenders. The following contact numbers can be used to reach these banks for more information on their loans products and current mortgage rates:
HomeStreet Bank is based in Seattle and is one of the largest privately owned banks in the Northwest. The bank can be reached at 800-719-8080.
Cascade Bank has 22 bank branch offices throughout Snohomish, King and Skagit Counties and can be reached at 800-326-8787.
Bank of America mortgage information can be obtained at 888-233-4124.
SunTrust Mortgage rate information is available at 800-634-7928.