Hampton Roads Mortgage Rates

Compare current Hampton Roads mortgage rates form the leading banks and mortgage lenders serving this housing market in Hampton Roads Virginia. The home mortgage loans available in the Hamptons Roads region can be obtained with a variety of terms, rates and costs. New home loan borrowers should evaluate the loan products available from multiple lenders to find the right home loan that meets their budget and needs.

New mortgages for home loans in Hampton Roads can be either fixed rate mortgages or adjustable rate mortgages (ARM). Fixed rate mortgages and ARM loans are available as conventional loans, jumbo loans, FHA loans, VA loans, rural development loans, and special purpose first time home buyer loans.

The interest rates and principal and interest payment for fixed rate mortgages do not change over time. Total monthly mortgage payments may vary somewhat due to changes in property taxes and insurance. Home loan borrowers in Hampton Roads that choose an adjustable rate mortgage can get a fixed rate for an initial period of time that then adjusts over time based on the market.

The 30 year fixed rate mortgage in Hampton Roads remains the most popular loan selected for purchases and refinances. New home loan borrowers can find 30 year fixed rates for a mortgage purchase in Hampton Roads, Virginia from some of the largest mortgage lenders serving the region listed below.

Mortgage Rates Hampton Roads
Hampton Roads Mortgage Lender Mortgage Rate Points APR
Webster Bank 30 Year Mortgage Rates
3.500 0.000 3.569
Peoples United Bank 30 Year Mortgage Rate
3.250 0.250 3.360
Eastern Bank 30 Year Mortgage Rate
3.250 0.000 3.300
Washington Trust 30 Year Mortgage Rate
3.500 0.000 3.568
Santander 30 Year Mortgage Rate
3.875 0.000 4.036

Mortgage loans in Hampton Roads vary greatly based on a variety of loan features such as the loan amount, loan term, interest rate, points paid, repayment schedule, and other characteristics. Loan rates and programs available are also highly dependent on the individual characteristics of the loan request including the credit score of the borrower, down payment amount, as well as the borrowerís income and debt levels.

New home loan borrowers can find a combination of low rates and costs on these mortgage products and more in Hampton Roads as well as the neighboring towns and communities.

Rates are subject to change without notice and may vary based on individual loan request and loan conditions. The rate, APR, and terms may vary based on the creditworthiness of the individual, the loan to value or down payment and other factors involved in the loan approval process. All loan products subject to lender approval. Other terms, conditions and restrictions may apply.

There is little to report regarding CD interest rate changes for the week ending December 23, 2011.  Bank savings rates and CD rates seemed to be held in suspended animation as there were hardly any alterations in the top CD rates available nationally across most all bank CD terms. The average CD rate measured by the
Bank certificate of deposit rates made another move higher just days before the Fed makes their last announcement of the year on the direction of interest rates.  The overwhelming majority of market participants are expecting the Fed to jack up short term interest rates at the end of their two day meeting on December 16,
The top CD interest rates available nationally barely budged over the past week.  The highest CD rates moved lower on the week but by the smallest of increments and remain in a very tight range.  The Selectcdrates.com index of the top ten CD rates for three month CDs, six month CDs, one year CDs, two