Current Mortgage Rates in Alabama

Friday, July 03, 2009



Current Mortgage Rates*

Loan Type
Alabama Average
30-yr. fixed5.25%
30-yr. fixed jumbo6.75%
15-yr. fixed4.88%
15-yr. fixed jumbo6.38%
7/1 ARM5.25%
7/1 ARM jumbo6.00%
5/1 ARM4.88%
5/1 ARM jumbo5.25%
3/1 ARM4.75%
3/1 ARM jumbo5.62%
1-yr. ARM4.38%
1-yr. ARM jumbo5.62%
*Mortgage Rates Updated: 07/02/2009

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Current Mortgage Rates in Alabama

Alabama 30-yr. fixed Mortgage Rates Alabama 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.11%6.36%1.85Citibank7.25%7.36%0.21
Bank of America6.35%6.52%1.03Bank of America7.31%7.58%1.87
Wachovia5.46%5.57%0.50Wells Fargo7.46%7.58%0.93
Wells Fargo5.23%5.35%0.94Chase7.04%7.20%1.07
Chase5.35%5.51%1.04 
Fifth Third Bank5.50%5.56%0.32 
Alabama 15-yr. fixed Mortgage Rates Alabama 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank5.65%6.11%2.33Citibank6.75%6.89%0.00
Bank of America5.86%6.16%1.16Bank of America7.22%7.60%1.58
Wachovia5.24%5.47%0.65Wells Fargo7.85%8.01%0.79
Wells Fargo5.13%5.33%0.87Chase7.26%7.52%1.07
Chase5.09%5.36%1.00 
Fifth Third Bank5.17%5.27%0.33 
Alabama 7/1 ARM Mortgage Rates Alabama 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank5.93%5.33%1.09Citibank9.81%6.43%1.95
Bank of America6.54%6.07%1.34Bank of America6.88%7.36%0.48
Wachovia5.52%5.54%0.34Wells Fargo7.36%6.33%0.88
Wells Fargo5.70%5.40%0.95Chase7.22%5.68%1.04
Chase5.99%5.31%1.01 
Alabama 5/1 ARM Mortgage Rates Alabama 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank5.72%5.17%1.06Citibank9.78%5.92%1.95
Bank of America6.30%5.87%1.16Bank of America8.07%6.65%1.05
Wells Fargo5.27%5.22%0.97Wells Fargo5.99%5.41%0.95
Chase5.49%5.05%1.01Chase6.24%5.24%1.01
Fifth Third Bank5.60%5.26%0.31 
Alabama 3/1 ARM Mortgage Rates Alabama 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank5.66%5.08%1.04Citibank7.50%7.46%0.00
Bank of America6.48%5.78%1.23Bank of America6.96%7.44%0.75
Wachovia5.25%5.27%0.44Wells Fargo7.75%7.23%0.21
Wells Fargo5.92%5.26%0.99Chase6.49%5.03%1.02
Chase5.29%4.85%1.03 
Fifth Third Bank5.51%5.14%0.29 
Alabama 1-yr. ARM Mortgage Rates Alabama 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank5.79%4.97%1.93Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase6.06%4.80%1.03
Chase5.13%4.76%1.01 
Alabama 10-yr. fixed Mortgage Rates Alabama 10/1 ARM Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%6.90%0.21Wachovia5.36%5.36%0.48
Wachovia5.22%5.53%0.59 

Current Mortgage Rates by City

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Mortgage Statistics for Alabama

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