Current Mortgage Rates in Birmingham, Michigan

Friday, November 21, 2008



Current Mortgage Rates*

Loan Type
Birmingham Average
30-yr. fixed6.00%
15-yr. fixed5.50%
5/1 ARM5.50%
3/1 ARM5.75%
*Mortgage Rates Updated: 11/20/2008

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Current Mortgage Rates in Birmingham, Michigan

Birmingham 30-yr. fixed Mortgage Rates Birmingham 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 Bank6.34%6.41%0.35Fifth Third Bank7.38%7.40%0.00
Birmingham 15-yr. fixed Mortgage Rates Birmingham 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%5.97%0.36 
Birmingham 7/1 ARM Mortgage Rates Birmingham 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
Birmingham 5/1 ARM Mortgage Rates Birmingham 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 Bank6.25%6.01%0.31Fifth Third Bank7.38%7.40%0.00
Birmingham 3/1 ARM Mortgage Rates Birmingham 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 Bank6.00%5.87%0.26Fifth Third Bank7.38%7.40%0.00
Birmingham 1-yr. ARM Mortgage Rates Birmingham 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

Banks in Birmingham, Michigan

Birmingham Bloomfield Bank, 101 South Woodward Avenue, Birmingham Michigan 48011
Bloomfield Savings and Loan Association, 6755 Telegraph Road, Birmingham Michigan 48010
Fidelity Bank, 1040 East Maple Road, Birmingham Michigan 48012

Mortgage Statistics for Birmingham, Michigan

  Birmingham Michigan USA
Population:
Population - The population of Birmingham, MI
 19,239 9,937,974 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Birmingham mortgage.
 18,492 7,965,607 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Birmingham mortgage.
 174 1,412,742 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Birmingham mortgage.
 224 323,872 34,671,551
HouseHolds:
HouseHolds - The total number of households in Birmingham, MI, where you might buy a home.
 9,681 4,232,228 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Birmingham, where you might apply for a Birmingham mortgage.
 1 2 2
Average House Value:
Average House Value - The average house value in Birmingham, MI
 $302,700 $114,739 $132,188
Income per Household:
Income per Household - The household income where you might compare Birmingham mortgage interest rates.
 $80,555 $45,731 $43,800

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