Current Mortgage Rates in Bay Minette, Alabama

Saturday, October 11, 2008



Current Mortgage Rates*

Loan Type
Bay Minette Average
30-yr. fixed5.88%
15-yr. fixed5.50%
5/1 ARM6.00%
3/1 ARM5.88%
FHA Mortgage6.00%
Fixed Rate Mortgage6.88%
VA Mortgage6.00%
*Mortgage Rates Updated: 10/07/2008

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Current Mortgage Rates in Bay Minette, Alabama

Bay Minette 30-yr. fixed Mortgage Rates Bay Minette 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.40%7.85%3.30Citibank7.25%7.36%0.21
Bank of America6.60%6.75%0.80Bank of America7.46%7.72%1.81
Wachovia6.24%6.38%0.70Wells Fargo9.26%9.33%0.26
Wells Fargo6.42%6.50%0.24Chase7.73%7.78%0.14
Chase6.32%6.40%0.09 
Fifth Third Bank6.40%6.47%0.36 
Bay Minette 15-yr. fixed Mortgage Rates Bay Minette 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.26%8.37%5.93Citibank6.75%6.89%0.00
Bank of America6.22%6.48%0.93Bank of America7.15%7.53%1.55
Wachovia5.73%5.99%0.81Wells Fargo7.98%8.10%0.41
Wells Fargo6.16%6.29%0.33Chase6.75%6.82%0.06
Chase6.32%6.44%0.07 
Fifth Third Bank5.86%5.98%0.38 
Bay Minette 7/1 ARM Mortgage Rates Bay Minette 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.69%7.15%0.19Citibank7.06%7.32%0.00
Bank of America6.38%6.38%1.05Bank of America6.88%7.36%0.48
Wachovia5.79%5.84%0.59Wells Fargo8.45%7.48%0.29
Wells Fargo7.32%6.86%0.18Chase7.33%7.27%0.25
Chase6.83%6.44%0.04 
Bay Minette 5/1 ARM Mortgage Rates Bay Minette 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.56%7.18%0.06Citibank7.06%7.36%0.00
Bank of America6.46%6.17%0.89Bank of America8.07%6.65%1.05
Wells Fargo7.03%6.60%0.23Wells Fargo7.81%6.85%0.32
Chase6.77%6.30%0.03Chase7.72%6.69%0.01
Fifth Third Bank6.20%5.99%0.28 
Bay Minette 3/1 ARM Mortgage Rates Bay Minette 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.69%7.33%0.00Citibank7.50%7.46%0.00
Bank of America6.10%6.23%0.94Bank of America6.96%7.44%0.75
Wachovia5.55%5.62%0.48Wells Fargo7.75%7.23%0.21
Wells Fargo6.94%7.20%0.12Chase7.00%7.39%0.17
Chase6.81%7.35%0.00 
Fifth Third Bank5.78%5.81%0.25 
Bay Minette 1-yr. ARM Mortgage Rates Bay Minette 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase7.12%7.62%0.00
Chase6.12%7.53%0.12 

Banks in Bay Minette, Alabama

First Alabama Bank of Baldwin County, 101 Hand Avenue, Bay Minette Alabama 36507
Southtrust Bank of Baldwin County, 120 Courthouse Square, Bay Minette Alabama 36507

Mortgage Statistics for Bay Minette, Alabama

  Bay Minette Alabama USA
Population:
Population - The population of Bay Minette, AL
 19,110 4,444,343 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Bay Minette mortgage.
 14,683 3,160,990 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Bay Minette mortgage.
 4,039 1,155,027 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Bay Minette mortgage.
 190 75,801 34,671,551
HouseHolds:
HouseHolds - The total number of households in Bay Minette, AL, where you might buy a home.
 7,555 1,962,130 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Bay Minette, where you might apply for a Bay Minette mortgage.
 2 2 2
Average House Value:
Average House Value - The average house value in Bay Minette, AL
 $67,400 $81,730 $132,188
Income per Household:
Income per Household - The household income where you might compare Bay Minette mortgage interest rates.
 $34,499 $35,018 $43,800

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