Current Mortgage Rates in Alabama

Saturday, October 11, 2008



Current Mortgage Rates*

Loan Type
Alabama Average
30-yr. fixed6.12%
30-yr. fixed jumbo7.62%
15-yr. fixed5.88%
15-yr. fixed jumbo7.25%
7/1 ARM6.25%
7/1 ARM jumbo7.25%
5/1 ARM6.00%
5/1 ARM jumbo7.00%
3/1 ARM5.88%
3/1 ARM jumbo6.62%
1-yr. ARM5.62%
1-yr. ARM jumbo6.00%
1-yr. LIBOR ARM6.12%
*Mortgage Rates Updated: 10/07/2008

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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
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 
Alabama 15-yr. fixed Mortgage Rates Alabama 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 
Alabama 7/1 ARM Mortgage Rates Alabama 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 
Alabama 5/1 ARM Mortgage Rates Alabama 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 
Alabama 3/1 ARM Mortgage Rates Alabama 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 
Alabama 1-yr. ARM Mortgage Rates Alabama 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 

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