Mortgage rates finally turned in the other direction and moved higher for the week ending September 3, 2010. Both the 30 year and 15 year fixed rate home loans experienced an increase in the average rate, with the 30 year rising slightly more than the shorter term, 15 year loan.
Based on the most recent survey of bank mortgage lenders performed by Selectcdrates.com for the weekly compare mortgage rates report, the average 30 year mortgage rate ticked up five basis points or 5/100’s of a percent to end the week at 4.632%. The 15 year mortgage rate increased by one basis point to 4.055% on the week.
The average points charged by the bank mortgage lenders in the survey were marginally higher as well. The 30 year mortgage rate had a charge of .363 points on average while the 15 year mortgage rate had a charge of .388 points.
Once again all of the top lenders offer the 30 year mortgage rate under 5.0%. Mortgage rates from the top ten bank mortgage lenders in this week’s compare mortgage rates survey ranged from a low rate of 4.375% to a high of 4.875%. The 15 year mortgage rate was also under 5.0% with almost ½ of the top ten bank mortgage lenders offering 15 year term loans that fall under 4.0%. The low rate for the 15 year mortgage rate was 3.75% and the high end was 4.50%.
The compare mortgage rates survey from the top bank mortgage lenders for the 30 year home loan ended the week of Sept 3rd with the following mortgage rates, points, and APRs:
SunTrust mortgage rate for the 30 year mortgage moved up slightly to 4.50% with 1.0 point and a 4.616% APR.
TD mortgage rates for a 30 year home loan held steady for the week at 4.625% and zero points with a 4.667% APR.
Wells Mortgage rates bumped up an 1/8th on the 30 year to 4.375% and a 1.0 for a 4.530% APR.
Chase Mortgage rates on the 30 year mortgage also crept up an 1/8th of a percent to 4.875% and no points for a 4.931% APR.
Bank of America mortgage rates were ended unchanged for the 30 year mortgage rate at 4.875% and increased marginally on the points to 0.875 points for a 4.990% APR.
US Bank mortgage rates were up on the 30 year to 4.625% and no points with an APR of 4.690%.
Citibank mortgage rates fell slightly to 4.75% but jumped on the points to 0.50 points resulting in a 4.972%.APR.
HSBC mortgage rates were unaltered, with the 30 year mortgage rate at 4.625% with no points and an APR at 4.762%.
Fifth Third Bank mortgage rates were lower on the points charged and unchanged for the rate with a 30 year rate of 4.375% with 0.25 points and a 4.471% APR.
Key Bank mortgage rates moved higher, a 30 year mortgage now has a rate of 4.69% with no points and a 4.831% APR.
The mortgage rates and costs listed are current as of this publication date but are subject to change by the banks listed and are not guaranteed. All mortgage loans and mortgage rates listed require bank approval and bank underwriting.
The mortgage rates 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.
To find more information on US Bank mortgages refer to US Bank mortgage rates, for more inormation on Wells mortgage rates see Wells mortgage rates, for information on Bank America mortgages refer to Bank America mortgage rates, for information HSBC mortgage rates see HSBC mortgage rates and for more information on Chase Mortgage rates refer to the section section,Chase mortgage rates at Selectcdrates.com.
Tags: bank mortgage lenders, Bank of America mortgage rates, Chase Mortgage Rates, Compare Mortgage Rates, Fifth Third Bank mortgage rates, HSBC Mortgage Rates, Key Bank mortgage rates, mortgage rates, SunTrust mortgage rate, TD Mortgage Rates, US Bank Mortgage Rates, Wells Mortgage Rates
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