Mortgage rates moved up modestly for the week ending October 15, 2010. After reaching new lows in the previous week, both the 30 year mortgage and 15 year mortgage moved in the opposite direction and closed slightly higher.
The average 30 year mortgage rate ended the week at 4.421 percent while the 15 year mortgage ended with an interest rate of 3.781 percent.
The average points charged to obtain this week’s mortgage rates retreated on the 30 year moved up negligibly on the 15 year. The average points charged on the 30 year mortgage dropped down to .288 points for the week. The average points charged on the 15 year mortgage increased to .388 points.
The results of the compare mortgage rates survey for the 30 year home loan conducted after the market close on October 15, 2010 included the following mortgage rates, points, and APRs from the top ten bank mortgage lenders:
Wells Mortgage rates were higher by .125 on the 30 year mortgage for a rate of 4.125% and a 1.0 point for a 4.277% APR.
Bank of America mortgage rates headed north by .25%, the Bank of America 30 year mortgage rate is 4.375% and 0.625 points and a 4.447% APR.
SunTrust mortgage rates rose to 4.25% with 1.0 point and a 4.364% APR for a 30 year term loan.
Chase Mortgage rates increased on the 30 year home loan to 4.625% with 0.125 points for a 4.691% APR.
HSBC mortgage rates were unchanged this week at 4.625% with no points and an APR at 4.762% for a 30 year home loan.
Key Bank mortgage rates were up just modestly to 4.33% with no points and a 4.466% APR on the 30 year loan.
Fifth Third Bank mortgage rates closed at 4.375% with 0.0 points and a 4.418% APR.
US Bank mortgage rates on the 30 year were up by .125% to 4.375% and no points with an APR of 4.439%.
TD mortgage 30 year mortgage rates closed the week at 4.50% and no points with a 4.542% APR.
Citibank mortgage rates on a 30 year loan came in at 4.625% with 0.125 points and an APR of 4.779%.
The bank mortgage rates and mortgage costs listed in the weekly compare mortagge rates survey are current as of this publication date but are subject to change and are not guaranteed. All mortgage loans and mortgage rates listed require bank approval.
The mortgage rate obtained by a borrower from the bank mortgage lenders listed will depend on the loan amount, the down payment, the borrower’s credit profile and income as well as other factors.
The mortgage rates, points and APRs listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment.
To find more information on Wells mortagge rates, SunTrust mortagge rates, Bank America mortagge rates, Chase mortgage rates, US Bank mortgage rates, HSBC mortgage rates or TD mortgage rate refer to the Wells mortgage rates section SunTrust mortgage rates page Bank America mortgage rates page Chase mortgage rates, US Bank mortgage rates page, HSBC mortgage rates or the TD mortgage rates page of Selectcdrates.com.
To find information on Wells Fargo CDs, Citibank CDs, SunTrust Bank CDs, US Bank CD rates, Bank America CDs, HSBC CDs, Chase Bank CDs, Fifth Third Bank CDs, TD Bank CDs or Key Bank CDs refer to Wells Fargo CD rates section, Citibank CD rates section, SunTrust CD rates section, US Bank CD section, Bank America CD rates section, HSBC CD rates section, Chase CD rates section, Fifth Third Bank CD rates section, TD Bank CD rates section or the Key Bank CD rates section of Selectcdrates.com.
Tags: 15 year mortgage, 30 year mortgage rate, average 30 year mortgage rate, bank mortgage rates, Bank of America mortgage rates, Chase Mortgage Rates, Compare Mortgage Rates, HSBC Mortgage Rates, mortgage rates, SunTrust Mortgage Rates, US Bank Mortgage Rates, Wells Mortgage Rates
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