Current Mortgage Rates in Merritt Island, Florida
Wednesday, December 03, 2008
Current Mortgage Rates*
Loan Type Merritt Island Average |
|
| 30-yr. fixed | 5.88% |
| 30-yr. fixed jumbo | 7.50% |
| 15-yr. fixed | 5.50% |
| 15-yr. fixed jumbo | 7.25% |
| 7/1 ARM | 6.38% |
| 7/1 ARM jumbo | 7.12% |
| 5/1 ARM | 6.00% |
| 5/1 ARM jumbo | 6.62% |
| 3/1 ARM | 6.00% |
| 3/1 ARM jumbo | 6.50% |
| 1-yr. ARM | 6.12% |
| 1-yr. ARM jumbo | 5.88% |
| 1-yr. LIBOR ARM | 6.25% |
*Mortgage Rates Updated: 11/30/2008
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Current Mortgage Rates in Merritt Island, Florida
| Merritt Island 30-yr. fixed Mortgage Rates | Merritt Island 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.48% | 6.66% | 1.05 | Bank of America | 7.53% | 7.81% | 1.99 |
| Bank of America | 6.63% | 6.79% | 0.92 | Wachovia | 7.78% | 7.81% | 0.07 |
| Wachovia | 6.32% | 6.43% | 0.40 | Wells Fargo | 9.39% | 9.49% | 0.68 |
| Wells Fargo | 6.12% | 6.23% | 0.73 | Chase | 7.89% | 8.04% | 1.09 |
| Chase | 6.10% | 6.26% | 0.95 | Fifth Third Bank | 7.21% | 7.24% | 0.01 |
| Fifth Third Bank | 6.32% | 6.38% | 0.25 | ||||
| Merritt Island 15-yr. fixed Mortgage Rates | Merritt Island 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.13% | 6.49% | 1.65 | Bank of America | 7.32% | 7.72% | 1.66 |
| Bank of America | 6.17% | 6.47% | 1.11 | Wachovia | 7.41% | 7.45% | 0.08 |
| Wachovia | 5.91% | 6.10% | 0.45 | Wells Fargo | 8.37% | 8.52% | 0.62 |
| Wells Fargo | 6.01% | 6.17% | 0.57 | Chase | 8.34% | 8.59% | 1.15 |
| Chase | 5.91% | 6.17% | 0.91 | Fifth Third Bank | 6.50% | 6.54% | 0.01 |
| Fifth Third Bank | 5.84% | 5.95% | 0.27 | ||||
| Merritt Island 7/1 ARM Mortgage Rates | Merritt Island 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.64% | 6.10% | 0.97 | Bank of America | 6.88% | 7.36% | 0.48 |
| Bank of America | 6.88% | 6.49% | 1.32 | Wachovia | 7.41% | 6.67% | 0.08 |
| Wachovia | 6.48% | 6.21% | 0.23 | Wells Fargo | 8.36% | 7.11% | 0.76 |
| Wells Fargo | 6.57% | 6.43% | 0.75 | Chase | 8.32% | 6.79% | 1.12 |
| Chase | 6.63% | 6.23% | 0.94 | Fifth Third Bank | 6.70% | 6.03% | 0.00 |
| Fifth Third Bank | 6.46% | 5.82% | 0.00 | ||||
| Merritt Island 5/1 ARM Mortgage Rates | Merritt Island 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.36% | 5.94% | 1.02 | Bank of America | 8.14% | 6.63% | 1.05 |
| Bank of America | 6.52% | 6.15% | 1.05 | Wachovia | 7.13% | 6.49% | 0.05 |
| Wachovia | 6.68% | 6.19% | 0.03 | Wells Fargo | 7.31% | 6.58% | 0.77 |
| Wells Fargo | 6.44% | 6.35% | 0.76 | Chase | 7.07% | 6.28% | 0.89 |
| Chase | 6.34% | 6.07% | 0.88 | Fifth Third Bank | 6.64% | 5.91% | 0.00 |
| Fifth Third Bank | 6.25% | 5.91% | 0.24 | ||||
| Merritt Island 3/1 ARM Mortgage Rates | Merritt Island 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.10% | 5.81% | 0.93 | Wachovia | 6.93% | 6.38% | 0.06 |
| Bank of America | 6.51% | 6.09% | 1.12 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wachovia | 6.16% | 5.94% | 0.18 | Chase | 7.30% | 6.01% | 1.02 |
| Wells Fargo | 6.93% | 6.37% | 0.91 | Fifth Third Bank | 6.62% | 5.79% | 0.00 |
| Chase | 5.88% | 5.80% | 1.04 | ||||
| Fifth Third Bank | 6.03% | 5.78% | 0.21 | ||||
| Merritt Island 1-yr. ARM Mortgage Rates | Merritt Island 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.76% | 0.00 | Citibank | 7.00% | 7.90% | 0.00 |
| Bank of America | 7.42% | 6.20% | 1.53 | Wachovia | 6.84% | 6.28% | 0.07 |
| Wachovia | 6.39% | 6.02% | 0.06 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 6.71% | 5.81% | 1.05 |
| Chase | 5.76% | 5.78% | 0.99 | Fifth Third Bank | 6.42% | 5.71% | 0.01 |
| Fifth Third Bank | 6.08% | 5.50% | 0.00 | ||||
Banks in Merritt Island, Florida
Coastal Bank, 2105 North Courtenay Parkway, Merritt Island Florida 32953Community Bank of The South, 277 North Sykes Creek Parkway, Merritt Island Florida 32953
Fidelity Bank of Florida, 1380 North Courtenay Parkway, Merritt Island Florida 32953
First National Bank of Brevard, 15 East Merritt Island, Merritt Island Florida 32952
The American Bank of The South, 1350 North Courtenay Parkway, Merritt Island Florida 32953
Mortgage Statistics for Merritt Island, Florida
| Merritt Island | Florida | USA | |
|---|---|---|---|
| Population: Population - The population of Merritt Island, FL  |
42,391 | 15,979,631 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Merritt Island mortgage. |
38,481 | 12,445,366 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Merritt Island mortgage. |
1,990 | 2,305,572 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Merritt Island mortgage. |
1,631 | 2,658,282 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Merritt Island, FL, where you might buy a home. |
18,449 | 7,301,814 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Merritt Island, where you might apply for a Merritt Island mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Merritt Island, FL |
$118,806 | $103,684 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Merritt Island mortgage interest rates. |
$45,681 | $40,337 | $43,800 |