Current Mortgage Rates in Alabama

Friday, July 04, 2008



Current Mortgage Rates*

Loan Type
Alabama Average
30-yr. fixed6.50%
30-yr. fixed jumbo7.12%
15-yr. fixed6.12%
15-yr. fixed jumbo6.75%
7/1 ARM6.38%
7/1 ARM jumbo7.12%
5/1 ARM6.00%
5/1 ARM jumbo6.88%
3/1 ARM5.88%
3/1 ARM jumbo7.00%
1-yr. ARM6.25%
1-yr. ARM jumbo7.00%
1-yr. LIBOR ARM5.50%
*Mortgage Rates Updated: 07/03/2008

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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
Citibank7.61%8.08%3.59Citibank7.25%7.36%0.21
Bank of America6.62%6.77%0.95Bank of America7.04%7.15%0.44
Wachovia6.25%6.37%0.68Wells Fargo7.17%7.22%0.12
Wells Fargo6.69%6.83%0.25Chase6.96%7.02%0.21
Chase6.62%6.71%0.25 
Fifth Third Bank6.41%6.47%0.34 
Alabama 15-yr. fixed Mortgage Rates Alabama 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.20%8.18%5.26Citibank6.75%6.89%0.00
Bank of America6.14%6.39%0.97Bank of America7.44%7.60%0.50
Wachovia5.75%5.99%0.75Wells Fargo7.49%7.63%0.48
Wells Fargo6.20%6.33%0.30Chase6.75%6.82%0.06
Chase6.38%6.47%0.12 
Fifth Third Bank5.90%6.02%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 America6.62%7.29%0.03Bank of America6.88%7.36%0.48
Wachovia5.40%5.49%0.89Wells Fargo6.62%7.22%0.38
Wells Fargo6.50%7.27%0.25Chase6.69%7.08%0.12
Chase6.62%7.04%0.06 
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 America6.26%5.98%0.98Bank of America8.07%6.65%1.05
Wells Fargo6.44%7.03%0.25Wells Fargo7.06%7.16%0.19
Chase6.38%7.04%0.06Chase6.88%7.25%0.06
Fifth Third Bank6.09%5.96%0.31 
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 America6.25%7.30%0.63Bank of America6.96%7.44%0.75
Wachovia5.40%5.47%0.44Wells 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 Bank5.62%5.77%0.28 
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 America6.88%7.66%0.04Wells 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