RSS FeedInterest Rates Rising Around Country– Los Angeles To New York Fixed Rate Mortgages Chicago Miami Dallas and Seattle
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Interest rates are on the rise in the United States, according to our survey taken March 10th. In Los Angeles we found a rate of 6.147 percent with fees of $690. Compare this to the lowest rate in late February of 5.896 percent. The fees were the same at that time. We sorted according to lowest fees and found that Aasent Mortgage Corporation had the lowest rates.
We have been conducting surveys since November of last year and have seen a steady rise in rates. Last month in Buffalo New York we saw a rate of 5.904 percent, but this month the lowest rate of 6.155 percent with $950 in fees. Interest rates are on the rise in New York. We are only looking at purchase home loans between $300,001 and $417,000.
In Seattle Washington interest rates rose slightly this month. Last month we found a low rate of 5.9041 percent. This month the lowest rate was 6.651 percent, with fees of $815. None of our lenders had any points. National Bank of Kansas City had the lowest rate in our survey this month. Although the bank has National in the name, they are more of a regional bank.
Last month we saw a large increase in the interest rates in Dallas Texas. Comerica Bank had the lowest rates this month again. They had rates of 6.538 percent and fees of $1,179. You might be able to find national lenders with lower rates, but we looked for local lenders in order to get a local representation of the rates.
Interest rates in Miami Florida were on the rise. We found a low rate of 6.295 percent with fees of $1,423. The fees do not include the closing costs. Last month we found rates of 6.152 percent on fees of $869. Both the APR rate and fees increased substantially in a short period of time. Some national lenders may have lower fees, but Treinor Mortgage Company was the lowest regional lender.
Finally, we saw a rate increase in Chicago Illinois too. First Savings Bank of Hegewisch had rates of 6.260 percent with fees of only $325. Last month we found rates of 5.512 percent in Chicago. If you shop around, you might be able to find even lower rates. All of these mortgages are based on a 30 year fixed rate mortgage. Your credit score will also play an important role in the rate you can get.
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By Dan Wilson - Best Syndication News Writer
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