NEW YORK (CNN/Money) -
Mortgage rates were mixed the week ended July 20, with the average 30-year fixed mortgage easing to 6.16 percent, down from 6.18 percent the week prior.
The benchmark mortgage rate stood at 6.41 a month earlier, according to Informa Research Services, and had a range of 5.13 percent to 7.13 percent for the week ended July 20.
The average 15-year fixed mortgage rate pulled back to an average of 5.57 percent, down from 5.59 percent the previous week, with a range of 4.69 percent to 6.99 percent. Rates stood at 5.82 percent a month earlier.
Adjustable rate mortgages (ARMs), meanwhile, rose to a 4.81 percent average from 4.75 percent the week prior, with a range of 3.05 percent to 7.09 percent. ARM rates stood at 4.87 percent a month earlier.
Below are the rates for three key mortgage products from five top national mortgage lenders. You can compare rates from more institutions with the rate-search tool above. Plus, see the latest on savings rates and credit-card rates.
MORTGAGES: *TOP NATIONAL LENDERS
As of July 20, 2004
|
| |
15 Yr Conforming |
30 Yr Conforming |
1 Yr Adjustable |
| Institution |
Rate |
APR |
Pts |
Rate |
APR |
Pts |
Rate |
APR |
Pts |
| Washington Mutual |
5.375 |
5.461 |
0.000 |
6.125 |
6.181 |
0.000 |
4.625 |
4.822 |
0.000 |
| Wells Fargo |
5.375 |
5.541 |
0.000 |
6.000 |
6.150 |
0.000 |
5.500 |
4.842 |
0.000 |
| Bank of America |
5.375 |
5.425 |
0.191 |
6.125 |
6.203 |
0.076 |
4.500 |
4.686 |
0.158 |
| Countrywide |
5.750 |
5.857 |
0.250 |
6.250 |
6.328 |
0.000 |
4.875 |
4.946 |
0.000 |
| National City Mortgage |
5.750 |
5.924 |
0.000 |
6.375 |
6.497 |
0.000 |
4.375 |
4.898 |
1.000 |
Mortgage rates are based on a purchase of a single family, owner occupied residence requiring 20% down payment. Conforming loan amount up to $333,700, Jumbo up to $650,000.
*Top National Lenders based by $ amount funded.
Source: Informa Research Services, Inc., 800-848-0218. © 2004. All rights reserved. May not be reproduced or retransmitted in any form without express written consent of Informa Research Services, Inc.
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