Current Mortgage Rates in Bay City, Michigan
Sunday, October 12, 2008
Current Mortgage Rates*
Loan Type Bay City Average |
|
| 30-yr. fixed | 6.00% |
| 15-yr. fixed | 5.50% |
| 5/1 ARM | 6.12% |
| 3/1 ARM | 5.88% |
| FHA Mortgage | 6.00% |
| Fixed Rate Mortgage | 6.88% |
| VA Mortgage | 6.00% |
*Mortgage Rates Updated: 10/07/2008
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Current Mortgage Rates in Bay City, Michigan
| Bay City 30-yr. fixed Mortgage Rates | Bay City 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.62% | 6.68% | 0.00 | Citibank | 7.75% | 7.79% | 0.12 |
| Bank of America | 6.38% | 6.50% | 0.92 | Bank of America | 7.12% | 7.26% | 1.17 |
| Wells Fargo | 6.62% | 6.68% | 0.25 | Wells Fargo | 7.25% | 7.29% | 0.12 |
| Chase | 6.50% | 6.59% | 0.25 | Chase | 7.12% | 7.16% | 0.12 |
| Fifth Third Bank | 6.40% | 6.47% | 0.36 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Bay City 15-yr. fixed Mortgage Rates | Bay City 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.25% | 6.37% | 0.25 | Bank of America | 7.62% | 7.82% | 1.00 |
| Bank of America | 6.12% | 6.32% | 0.90 | Wells Fargo | 7.12% | 7.17% | 0.12 |
| Wells Fargo | 6.25% | 6.35% | 0.25 | Chase | 7.00% | 7.05% | 0.12 |
| Chase | 6.38% | 6.47% | 0.12 | Fifth Third Bank | 7.50% | 7.54% | 0.00 |
| Fifth Third Bank | 5.86% | 5.98% | 0.38 | ||||
| Bay City 7/1 ARM Mortgage Rates | Bay City 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.88% | 7.10% | 0.12 | Citibank | 7.12% | 7.19% | 0.00 |
| Chase | 6.62% | 6.98% | 0.12 | Chase | 6.75% | 7.02% | 0.12 |
| Fifth Third Bank | 6.50% | 6.55% | 0.00 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Bay City 5/1 ARM Mortgage Rates | Bay City 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.08% | 0.00 | Citibank | 7.25% | 7.25% | 0.00 |
| Bank of America | 6.00% | 6.84% | 1.08 | Bank of America | 6.75% | 7.10% | 0.95 |
| Wells Fargo | 6.50% | 6.78% | 0.12 | Wells Fargo | 7.75% | 7.09% | 0.12 |
| Chase | 6.25% | 6.90% | 0.12 | Chase | 7.00% | 7.18% | 0.12 |
| Fifth Third Bank | 6.20% | 5.99% | 0.28 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Bay City 3/1 ARM Mortgage Rates | Bay City 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.14% | 0.00 | Citibank | 7.75% | 7.39% | 0.00 |
| Bank of America | 6.00% | 7.06% | 1.09 | Bank of America | 7.00% | 7.35% | 1.08 |
| Wells Fargo | 7.50% | 6.97% | 0.12 | Wells Fargo | 8.25% | 7.08% | 0.25 |
| Chase | 6.88% | 7.33% | 0.00 | Chase | 7.12% | 7.38% | 0.25 |
| Fifth Third Bank | 5.78% | 5.82% | 0.25 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Bay City 1-yr. ARM Mortgage Rates | Bay City 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Fifth Third Bank | 6.50% | 6.55% | 0.00 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
Banks in Bay City, Michigan
Chemical Bank Bay Area, 213 Center Avenue, Bay City Michigan 48706First of America Bank - Mid Michigan, 300 Center Avenue, Bay City Michigan 48706
Independent Bank, 623 Washington Avenue, Bay City Michigan 48706
Second National Bank of Bay City, 701 Washington Avenue, Bay City Michigan 48706
Credit Unions in Bay City, Michigan
Copoco Community, 4265 Wilder RD., Po Box 1520, Bay City MI 48706-0520 (989) 684-1873Credit Union Plus, 415 Washington Ave, Bay City MI 48708 (989) 893-2831
Financialedge Community, P.O. Box 446, Bay City MI 48707 (989) 892-6088
Sunrise Family, 404 S. Euclid AVE. , Bay City MI 48706 (989) 684-1730
Mortgage Statistics for Bay City, Michigan
| Bay City | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Bay City, MI  |
69,608 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Bay City mortgage. |
65,341 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Bay City mortgage. |
1,174 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Bay City mortgage. |
3,248 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Bay City, MI, where you might buy a home. |
30,038 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Bay City, where you might apply for a Bay City mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Bay City, MI |
$79,703 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Bay City mortgage interest rates. |
$36,725 | $45,731 | $43,800 |