Current Mortgage Rates in Dearborn, Michigan
Sunday, September 07, 2008
Current Mortgage Rates*
Loan Type Dearborn Average |
|
| 30-yr. fixed | 6.50% |
| 15-yr. fixed | 5.75% |
| 5/1 ARM | 6.00% |
| 3/1 ARM | 5.75% |
| FHA Mortgage | 6.00% |
| Fixed Rate Mortgage | 7.00% |
| VA Mortgage | 6.00% |
*Mortgage Rates Updated: 09/04/2008
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Current Mortgage Rates in Dearborn, Michigan
| Dearborn 30-yr. fixed Mortgage Rates | Dearborn 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 | 6.50% | 6.56% | 0.34 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Dearborn 15-yr. fixed Mortgage Rates | Dearborn 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 | 5.95% | 6.06% | 0.38 | ||||
| Dearborn 7/1 ARM Mortgage Rates | Dearborn 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 |
| Dearborn 5/1 ARM Mortgage Rates | Dearborn 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 | 6.17% | 5.92% | 0.30 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Dearborn 3/1 ARM Mortgage Rates | Dearborn 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 | 5.72% | 5.72% | 0.26 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Dearborn 1-yr. ARM Mortgage Rates | Dearborn 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 Dearborn, Michigan
Auto Club Trust, One Auto Club Drive, Dearborn Michigan 48126Community Bank of Dearborn, 22290 Michigan Avenue, Dearborn Michigan 48124
Dearborn Bank and Trust Company, 23400 Michigan Avenue, Dearborn Michigan 48124
Dearborn Federal Savings Bank, 22315 W Michigan Ave, Dearborn Michigan 48124
First Dearborn, 15930 Michigan Ave, Dearborn Michigan 48126
Jpmorgan Chase Bank, Dearborn, 18800 Hubbard Drive, Dearborn Michigan 48126
Michigan National Bank - Dearborn, 25001 Michigan Avenue, Dearborn Michigan 48123
Michigan National Bank - South Metro, 1045 Haigh Street, Dearborn Michigan 48124
Credit Unions in Dearborn, Michigan
Auto Club Group, 1 Auto Club Drive, Dearborn MI 48126 (313) 336-1534Dearborn Schools, P. O. Box 885, Dearborn MI 48121 (313) 581-2002
Dearborn Village Community, 4353 Maple ST. , Dearborn MI 48126 (313) 584-5400
Dfcu Financial, 400 Town Center Drive, Dearborn MI 48126 (313) 322-8204
Great Lakes Members, 22720 Michigan Avenue, Dearborn MI 48124 (313) 274-5030
Public Service, 15300 Commerce Drive North, Suite 1, Dearborn MI 48120 (313) 583-0712
Rouge Employees, 4080 Schaefer, Dearborn MI 48126 (313) 846-7300
Mortgage Statistics for Dearborn, Michigan
| Dearborn | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Dearborn, MI  |
97,791 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Dearborn mortgage. |
84,937 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Dearborn mortgage. |
1,249 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Dearborn mortgage. |
2,931 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Dearborn, MI, where you might buy a home. |
38,984 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Dearborn, where you might apply for a Dearborn mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Dearborn, MI |
$128,940 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Dearborn mortgage interest rates. |
$44,492 | $45,731 | $43,800 |