Current Mortgage Rates in Bessemer, Michigan

Friday, November 21, 2008



Current Mortgage Rates*

Loan Type
Bessemer Average
30-yr. fixed5.88%
15-yr. fixed5.38%
5/1 ARM5.62%
3/1 ARM5.75%
*Mortgage Rates Updated: 11/21/2008

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Current Mortgage Rates in Bessemer, Michigan

Bessemer 30-yr. fixed Mortgage Rates Bessemer 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.74%6.99%1.56Citibank7.38%7.47%0.19
Bank of America6.69%6.84%0.87Bank of America7.35%7.61%1.84
Wachovia6.16%6.29%0.69Wells Fargo9.48%9.59%0.71
Wells Fargo6.25%6.36%0.70Chase7.88%8.02%1.05
Chase6.21%6.36%0.91Fifth Third Bank7.27%7.29%0.02
Fifth Third Bank6.36%6.42%0.26 
Bessemer 15-yr. fixed Mortgage Rates Bessemer 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.45%6.97%2.60Citibank6.75%6.89%0.00
Bank of America6.19%6.48%1.07Bank of America7.21%7.58%1.50
Wachovia5.73%5.99%0.80Wells Fargo8.42%8.56%0.58
Wells Fargo6.08%6.24%0.54Chase8.31%8.55%1.13
Chase6.01%6.26%0.87Fifth Third Bank6.60%6.64%0.00
Fifth Third Bank5.88%5.99%0.29 
Bessemer 7/1 ARM Mortgage Rates Bessemer 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%6.16%0.95Citibank7.06%7.32%0.00
Bank of America6.80%6.48%1.21Bank of America6.88%7.36%0.48
Wachovia6.06%6.09%0.44Wells Fargo8.68%7.25%0.74
Wells Fargo6.77%6.52%0.72Chase8.40%6.87%1.11
Chase6.66%6.28%0.89Fifth Third Bank7.04%6.97%0.00
Fifth Third Bank6.57%6.62%0.00 
Bessemer 5/1 ARM Mortgage Rates Bessemer 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.44%5.98%1.00Citibank7.06%7.36%0.00
Bank of America6.53%6.18%1.02Bank of America8.07%6.65%1.05
Wells Fargo6.66%6.43%0.71Wells Fargo7.54%6.66%0.74
Chase6.38%6.11%0.84Chase7.15%6.35%0.85
Fifth Third Bank6.27%5.96%0.26Fifth Third Bank6.66%5.98%0.01
Bessemer 3/1 ARM Mortgage Rates Bessemer 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.13%5.86%0.90Citibank7.38%7.50%0.00
Bank of America6.44%6.14%1.07Bank of America6.94%7.48%0.58
Wachovia5.75%5.80%0.35Wells Fargo7.50%7.30%0.19
Wells Fargo7.22%6.44%0.90Chase7.32%6.03%1.00
Chase5.85%5.82%1.01Fifth Third Bank6.64%5.85%0.00
Fifth Third Bank6.03%5.83%0.23 
Bessemer 1-yr. ARM Mortgage Rates Bessemer 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase6.74%5.82%1.04
Chase5.73%5.78%0.96Fifth Third Bank6.49%5.69%0.01
Fifth Third Bank6.16%5.47%0.00 

Banks in Bessemer, Michigan

Gogebic Range Bank, 300 South Sophie Street, Bessemer Michigan 49911
The Bessemer National Bank, Main Street, Bessemer Michigan 49911

Mortgage Statistics for Bessemer, Michigan

  Bessemer Michigan USA
Population:
Population - The population of Bessemer, MI
 3,035 9,937,974 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Bessemer mortgage.
 2,951 7,965,607 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Bessemer mortgage.
 8 1,412,742 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Bessemer mortgage.
 18 323,872 34,671,551
HouseHolds:
HouseHolds - The total number of households in Bessemer, MI, where you might buy a home.
 1,908 4,232,228 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Bessemer, where you might apply for a Bessemer mortgage.
 1 2 2
Average House Value:
Average House Value - The average house value in Bessemer, MI
 $40,800 $114,739 $132,188
Income per Household:
Income per Household - The household income where you might compare Bessemer mortgage interest rates.
 $27,762 $45,731 $43,800

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