Current Mortgage Rates in Drummond Island, Michigan
Monday, March 15, 2010
Current Mortgage Rates*
Loan Type Drummond Island Average |
|
| 30-yr. fixed | 5.00% |
| 30-yr. fixed jumbo | 5.62% |
| 15-yr. fixed | 4.38% |
| 15-yr. fixed jumbo | 5.38% |
| 7/1 ARM | 4.25% |
| 7/1 ARM jumbo | 5.12% |
| 5/1 ARM | 3.88% |
| 5/1 ARM jumbo | 4.88% |
| 3/1 ARM | 4.38% |
| 3/1 ARM jumbo | 4.25% |
| 1-yr. ARM | 2.88% |
| 1-yr. ARM jumbo | 2.88% |
| 1-yr. LIBOR ARM | 4.50% |
*Mortgage Rates Updated: 03/12/2010
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Current Mortgage Rates in Drummond Island, Michigan
| Drummond Island 30-yr. fixed Mortgage Rates | Drummond Island 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 5.24% | 5.32% | 0.10 | Wells Fargo | 5.52% | 5.65% | 1.00 |
| Bank of America | 6.79% | 6.96% | 1.69 | ||||
| Wells Fargo | 4.90% | 5.08% | 1.00 | ||||
| Drummond Island 15-yr. fixed Mortgage Rates | Drummond Island 7/1 ARM Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 4.54% | 4.68% | 0.11 | Wells Fargo | 4.10% | 3.58% | 1.00 |
| Bank of America | 5.19% | 5.37% | 1.10 | ||||
| Wells Fargo | 4.29% | 4.60% | 1.00 | ||||
| Drummond Island 5/1 ARM Mortgage Rates | Drummond Island 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 5.31% | 3.96% | 0.99 | Wells Fargo | 4.98% | 3.69% | 1.00 |
| Wells Fargo | 3.54% | 3.33% | 1.04 | ||||
| Drummond Island 3/1 ARM Mortgage Rates | Drummond Island 10-yr. fixed Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 5.40% | 3.76% | 1.08 | Citibank | 4.29% | 4.50% | 0.15 |
| Wells Fargo | 4.56% | 3.45% | 1.00 | ||||
Mortgage Statistics for Drummond Island, Michigan
| Drummond Island | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Drummond Island, MI  |
992 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Drummond Island mortgage. |
901 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Drummond Island mortgage. |
2 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Drummond Island mortgage. |
7 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Drummond Island, MI, where you might buy a home. |
1,476 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Drummond Island, where you might apply for a Drummond Island mortgage. |
0 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Drummond Island, MI |
$98,800 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Drummond Island mortgage interest rates. |
$36,131 | $45,731 | $43,800 |