Current Mortgage Rates in Cumberland, Maryland
Saturday, October 11, 2008
Current Mortgage Rates*
Loan Type Cumberland Average |
|
| 30-yr. fixed | 6.12% |
| 30-yr. fixed jumbo | 7.75% |
| 15-yr. fixed | 5.75% |
| 15-yr. fixed jumbo | 7.38% |
| 7/1 ARM | 6.25% |
| 7/1 ARM jumbo | 6.88% |
| 5/1 ARM | 6.12% |
| 5/1 ARM jumbo | 6.88% |
| 3/1 ARM | 5.88% |
| 3/1 ARM jumbo | 6.25% |
| 1-yr. ARM | 5.75% |
| 1-yr. ARM jumbo | 6.12% |
| 1-yr. LIBOR ARM | 6.12% |
*Mortgage Rates Updated: 10/07/2008
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Current Mortgage Rates in Cumberland, Maryland
| Cumberland 30-yr. fixed Mortgage Rates | Cumberland 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.71% | 8.28% | 4.42 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.61% | 6.76% | 0.81 | Bank of America | 7.47% | 7.73% | 1.84 |
| Wachovia | 6.24% | 6.38% | 0.71 | Wells Fargo | 9.31% | 9.38% | 0.26 |
| Wells Fargo | 6.41% | 6.49% | 0.24 | Chase | 7.75% | 7.80% | 0.14 |
| Chase | 6.31% | 6.39% | 0.08 | ||||
| Fifth Third Bank | 6.40% | 6.47% | 0.36 | ||||
| Cumberland 15-yr. fixed Mortgage Rates | Cumberland 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.37% | 8.59% | 6.60 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.22% | 6.49% | 0.94 | Bank of America | 7.23% | 7.62% | 1.57 |
| Wachovia | 5.73% | 5.99% | 0.81 | Wells Fargo | 7.98% | 8.10% | 0.41 |
| Wells Fargo | 6.16% | 6.29% | 0.33 | Chase | 6.50% | 6.59% | 0.00 |
| Chase | 6.31% | 6.44% | 0.07 | ||||
| Fifth Third Bank | 5.86% | 5.98% | 0.38 | ||||
| Cumberland 7/1 ARM Mortgage Rates | Cumberland 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.50% | 7.21% | 0.25 | Citibank | 7.00% | 7.46% | 0.00 |
| Bank of America | 6.40% | 6.37% | 0.98 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 5.79% | 5.84% | 0.59 | Wells Fargo | 8.45% | 7.48% | 0.29 |
| Wells Fargo | 7.32% | 6.86% | 0.18 | Chase | 7.62% | 7.39% | 0.31 |
| Chase | 6.84% | 6.42% | 0.04 | ||||
| Cumberland 5/1 ARM Mortgage Rates | Cumberland 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.38% | 7.29% | 0.12 | Citibank | 6.88% | 7.47% | 0.00 |
| Bank of America | 6.48% | 6.16% | 0.88 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 7.06% | 6.59% | 0.23 | Wells Fargo | 7.81% | 6.84% | 0.32 |
| Chase | 6.79% | 6.27% | 0.03 | Chase | 7.76% | 6.66% | 0.00 |
| Fifth Third Bank | 6.20% | 5.99% | 0.28 | ||||
| Cumberland 3/1 ARM Mortgage Rates | Cumberland 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.62% | 7.51% | 0.00 | Citibank | 7.00% | 7.62% | 0.00 |
| Bank of America | 6.10% | 6.19% | 0.93 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.55% | 5.62% | 0.48 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 6.38% | 7.44% | 0.12 | Chase | 6.75% | 7.41% | 0.00 |
| Chase | 6.75% | 7.37% | 0.00 | ||||
| Fifth Third Bank | 5.78% | 5.82% | 0.25 | ||||
| Cumberland 1-yr. ARM Mortgage Rates | Cumberland 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 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 7.12% | 7.62% | 0.00 |
| Chase | 6.12% | 7.53% | 0.12 | ||||
Banks in Cumberland, Maryland
American Trust Bank, 81 Baltimore Street, Cumberland Maryland 21502American Trust Bank, 118 Baltimore Street, Cumberland Maryland 21502
Cumberland Savings Bank, 201 Virginia Avenue, Cumberland Maryland 21502
First Federal Savings Bank of Western Maryland, 118 Baltimore Street, Cumberland Maryland 21502
Liberty Bank of Maryland, 81 Baltimore Street, Cumberland Maryland 21502
The First National Bank and Trust Company of Western Maryland, 71 Baltimore Street, Cumberland Maryland 21502
Credit Unions in Cumberland, Maryland
Al Gar, 316 Paca Street, Cumberland MD 21502 (301) 722-5446C C S A C, P.O. Box 1382, Cumberland MD 21501 (301) 722-5522
Chessie, P.O. Box 689, Cumberland MD 21501-0689 (301) 777-1781
First Peoples Community, P.O. Box 1377, Cumberland MD 21501 (301) 784-3000
Healthcare 1st, 500 Memorial Avenue, Cumberland MD 21502 (301) 723-4098
Mortgage Statistics for Cumberland, Maryland
| Cumberland | Maryland | USA | |
|---|---|---|---|
| Population: Population - The population of Cumberland, MD  |
44,053 | 5,296,486 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Cumberland mortgage. |
39,928 | 3,391,308 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Cumberland mortgage. |
3,331 | 1,477,411 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Cumberland mortgage. |
398 | 227,916 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Cumberland, MD, where you might buy a home. |
19,600 | 2,145,283 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Cumberland, where you might apply for a Cumberland mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Cumberland, MD |
$72,100 | $146,529 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Cumberland mortgage interest rates. |
$30,970 | $54,576 | $43,800 |