Current Mortgage Rates in Ann Arbor, Michigan

Monday, October 13, 2008



Current Mortgage Rates*

Loan Type
Ann Arbor Average
30-yr. fixed6.12%
15-yr. fixed5.75%
5/1 ARM6.38%
3/1 ARM6.25%
FHA Mortgage6.00%
Fixed Rate Mortgage7.12%
VA Mortgage6.00%
*Mortgage Rates Updated: 10/07/2008

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Current Mortgage Rates in Ann Arbor, Michigan

Ann Arbor 30-yr. fixed Mortgage Rates Ann Arbor 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.62%6.68%0.00Citibank7.75%7.79%0.12
Bank of America6.38%6.50%0.92Bank of America7.12%7.26%1.17
Wells Fargo6.62%6.68%0.25Wells Fargo7.25%7.29%0.12
Chase6.50%6.59%0.25Chase7.12%7.16%0.12
Fifth Third Bank6.39%6.45%0.35Fifth Third Bank7.38%7.40%0.00
Ann Arbor 15-yr. fixed Mortgage Rates Ann Arbor 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.25%6.37%0.25Bank of America7.62%7.82%1.00
Bank of America6.12%6.32%0.90Wells Fargo7.12%7.17%0.12
Wells Fargo6.25%6.35%0.25Chase7.00%7.05%0.12
Chase6.38%6.47%0.12Fifth Third Bank7.50%7.54%0.00
Fifth Third Bank5.86%5.98%0.37 
Ann Arbor 7/1 ARM Mortgage Rates Ann Arbor 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.88%7.10%0.12Citibank7.12%7.19%0.00
Chase6.62%6.98%0.12Chase6.75%7.02%0.12
Fifth Third Bank6.50%6.55%0.00Fifth Third Bank7.38%7.40%0.00
Ann Arbor 5/1 ARM Mortgage Rates Ann Arbor 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.08%0.00Citibank7.25%7.25%0.00
Bank of America6.00%6.84%1.08Bank of America6.75%7.10%0.95
Wells Fargo6.50%6.78%0.12Wells Fargo7.75%7.09%0.12
Chase6.25%6.90%0.12Chase7.00%7.18%0.12
Fifth Third Bank6.23%6.03%0.29Fifth Third Bank7.38%7.40%0.00
Ann Arbor 3/1 ARM Mortgage Rates Ann Arbor 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.14%0.00Citibank7.75%7.39%0.00
Bank of America6.00%7.06%1.09Bank of America7.00%7.35%1.08
Wells Fargo7.50%6.97%0.12Wells Fargo8.25%7.08%0.25
Chase6.88%7.33%0.00Chase7.12%7.38%0.25
Fifth Third Bank5.83%5.87%0.25Fifth Third Bank7.38%7.40%0.00
Ann Arbor 1-yr. ARM Mortgage Rates Ann Arbor 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Fifth Third Bank6.50%6.55%0.00Fifth Third Bank7.38%7.40%0.00

Ann Arbor Commerce Bank, 2950 State Street South, Ann Arbor Michigan 48104
Bank of Ann Arbor, 125 South Fifth Avenue, Ann Arbor Michigan 48107
Comerica Bank-ann Arbor, 125 South Fifth Avenue, Ann Arbor Michigan 48107
First of America Bank-ann Arbor, 101 South Main Street, Ann Arbor Michigan 48107
First of America Bank-ann Arbor, 101 South Main Street, Ann Arbor Michigan 48107
Great Lakes Bancorp, 401 East Liberty Street, Ann Arbor Michigan 48104
Michigan National Bank - Ann Arbor, 112 South Ashley Street, Ann Arbor Michigan 48107
Nbd Ann Arbor, 125 South Main Street, Ann Arbor Michigan 48108
Regency Savings Bank, 337 E Liberty Street, Ann Arbor Michigan 48107
Republic Bank Ann Arbor, 122 South Main Street, Ann Arbor Michigan 48104
Tcf National Bank, 401 East Liberty Street, Ann Arbor Michigan 48104
U. S. Mutual Savings and Loan Association, Fsa, 337 E Liberty St, Ann Arbor Michigan 48104
United Bank & Trust -washtenaw, 2723 South State Street, Ann Arbor Michigan 48104
University Bank, 959 Maiden Lane, Ann Arbor Michigan 48105

Credit Unions in Ann Arbor, Michigan

2nd Baptist CH. of Ann Arbor, 850 Red Oak, Ann Arbor MI 48103 (734) 663-9369
Ann Arbor Postal, P.O. Box 1042, Ann Arbor MI 48160 (734) 439-3075
Huron River Area, 2350 W. Stadium Blvd, Ann Arbor MI 48103 (734) 769-9830
Midwest Financial, 2400 Green RD. , Ann Arbor MI 48105 (734) 769-4621

Mortgage Statistics for Ann Arbor, Michigan

  Ann Arbor Michigan USA
Population:
Population - The population of Ann Arbor, MI
 147,779 9,937,974 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Ann Arbor mortgage.
 113,069 7,965,607 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Ann Arbor mortgage.
 12,278 1,412,742 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Ann Arbor mortgage.
 4,621 323,872 34,671,551
HouseHolds:
HouseHolds - The total number of households in Ann Arbor, MI, where you might buy a home.
 62,473 4,232,228 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Ann Arbor, where you might apply for a Ann Arbor mortgage.
 2 2 2
Average House Value:
Average House Value - The average house value in Ann Arbor, MI
 $197,565 $114,739 $132,188
Income per Household:
Income per Household - The household income where you might compare Ann Arbor mortgage interest rates.
 $51,702 $45,731 $43,800

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