Compare Mortgage Rates Sept 20th, 2010

Mortgage rates dropped measurably for the week ending September 17, 2010. Based on the most recent compare mortgage rates survey performed by Selectcdrates.com, both the 30 year and 15 year fixed rate mortgages dipped back near record lows this past week.

The average 30 year fixed rate mortgage dropped by 8 basis points or 8/100 of a percent, to 4.54 percent. The average 15 year fixed rate mortgage was down 5 basis points, to close at 3.98 percent at the close of the week.

When comparing mortgage rates, shopping among different bank mortgage lenders allows potential borrowers to compare mortgage rates, costs and terms, to find the best deal. The compare mortgage rates survey lists the mortgage rates of the top ten bank mortgage lenders to help quickly and easily compare the rates from multiple lenders.

The average points charged to obtain a 30 year mortgage rate loan remained at .338 this week while the average points charged on the 15 year mortgage rate dropped to .375 points from 0.413 points in the previous week.

Results of the compare mortgage rates survey for the 30 year home loan included the following mortgage rates, points, and APRs:

Key Bank mortgage rates on the 30 year loan moved down to 4.50% with no points and a 4.638% APR.

Fifth Third Bank mortgage rates o the 30 year dipped to 4.375% with zero points and a 4.439% APR.

HSBC mortgage rates held steady with the 30 year at 4.625% with no points and an APR at 4.762%.

US Bank mortgage rates on the 30 year loan were also unaltered at 4.625% and no points with an APR of 4.690%.

Bank of America mortgage rates on the 30 year fell measurably, landing at 4.375% and 0.75 points for a 4.492% APR.

Citibank mortgage rates remained at 4.875% with no points to points on the 30 year fixed resulting in a 5.031% APR.

Chase Mortgage rates dropped by an 1/8th to 4.75% and 0.125 points for a 4.816% APR.

Wells Mortgage rates were also down by an 1/8th on the 30 year moving to 4.25% and a 1.0 for a 4.403% APR.

SunTrust mortgage rate was unchanged at 4.375% and 1.375 points and an APR of 4.523%.

TD mortgage rates kept even with a 30 year mortgage rate of 4.625% and zero points with a 4.667% APR.

The bank mortgage rates and mortgage costs listed 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 and bank underwriting.

The mortgage rates, points and APRs listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type and geographic location, additional conditions will apply for loan approval. These conditions can impact the mortgage rate and costs.

To find more information on Wells mortagge rates, SunTrust mortagge rates, Bank America mortagge rates, Chase 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 page or the TD mortgage rates page of Selectcdrates.com.

Tags: bank mortgage lenders, bank mortgage rates, Bank of America mortgage rates, Chase Mortgage Rates, Compare Mortgage Rates, Fifth Third Bank mortgage rates, HSBC Mortgage Rates, Key Bank mortgage rates, SunTrust mortgage rate, TD Mortgage Rates, US Bank Mortgage Rates, Wells Mortgage Rates

This entry was posted on Tuesday, September 21st, 2010 at 4:00 pm and is filed under Compare Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.