Rates on 30 year fixed rate mortgages and 15 year fixed rate mortgages were mixed for the week ending July 2. 2010. The mortgage rates offered by the top ten bank mortgage lenders surveyed in the Selectcdrates.com mortgage rate survey for a 30 year term increased modestly while the points charged to obtain the average rate fell. The average 15 year mortgage rate reversed that position with the rate decreasing by a small margin and the average points charged increasing.
The average 30 year fixed rate mortgage based on this week’s survey was 4.75% with 0.425 points compared to last week’s average rate of 4.738% with .525 points. The average 15 year fixed mortgage rate was 4.188% with 0.413 points compared to then previous week’s average 15 year mortgage rate of 4.199% with 0.313 points.
Below is a list of the most current mortgage rates on the 30 year fixed rate mortgage from the top ten bank mortgage lenders in the survey to compare mortgage rates currently available:
Chase Bank, the largest US bank, offer a 30 year mortgage rate of 5.00% and .375 points with a 5.090% APR.
The number two bank in the nation, Bank of America, offers a 30 year mortgage rate of 4.75% and 1.00 point with an APR of 4.906%.
Citibank mortgage rate on the 30 year is 4.875% on the 30 year with .125 points and an APR of 5.031%.
Wells Fargo mortgage rate is 4.625% with 1.0 point and a 4.812% APR for a 30 year term.
The fifth largest bank, US Bank, offers a rate of 4.625% with no points and a 4.69% APR on a 30 year fixed rate home loan.
HSBC Mortgage 30 year mortgage rate is 4.75% with no points and 4.888% APR.
SunTrust mortgage rate is 4.625% with 1.125 points and a 4.754% APR.
TD mortgage rate for a 30 year is 4.875% with zero points and a 4.652% APR.
Fifth Third Bank mortgage rate on the 30 year mortgage is 4.625% with 0.25 points and 4.69% APR.
Key Bank mortgage rate on the 30 year fixed rate mortgage is at 4.75% with .375 points with a 4.926% APR.
The top ten bank mortgage lenders listed offers several different mortgage rates for various mortgage loan types such as FHA home loans, adjustable rate mortgages, first time home mortgage, jumbo mortgages, refinancing existing home loans and more.
The Selectcdrates.com mortgage rate survey compares the mortgage rates offered by the largest bank mortgage lenders in the nation. All mortgage interest rates are current at the time of the survey but are subject to change. Mortgage rates are heavily dependent on the credit profile of the borrower, the down payment amount, property type and geographic location. All bank mortgage rates listed are for loan amounts of approximately $250,000.00 with 20% or greater down payment. All home loans are subject to bank lender approval.
Tags: 30 year mortgage rate, bank mortgage lenders, bank mortgage rates, Citibank mortgage rate, Compare Mortgage Rates, current mortgage rates, home loans, mortgage interest rates, mortgage rates, SunTrust mortgage rate, Wells Fargo mortgage rate
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