Current Mortgage Rates in Erie, Michigan
Thursday, March 11, 2010
Current Mortgage Rates*
Loan Type Erie Average |
|
| 30-yr. fixed | 5.12% |
| 30-yr. fixed jumbo | 5.62% |
| 15-yr. fixed | 4.38% |
| 15-yr. fixed jumbo | 5.50% |
| 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 | 4.25% |
| 3/1 ARM jumbo | 4.25% |
| 1-yr. ARM | 3.00% |
| 1-yr. ARM jumbo | 2.88% |
| 1-yr. LIBOR ARM | 4.38% |
*Mortgage Rates Updated: 03/10/2010
Get Current Mortgage Rates
From Top Lenders
Current Mortgage Rates in Erie, Michigan
| Erie 30-yr. fixed Mortgage Rates | Erie 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 5.23% | 5.32% | 0.10 | Wells Fargo | 5.54% | 5.68% | 1.00 |
| Bank of America | 6.81% | 6.98% | 1.70 | ||||
| Wells Fargo | 4.89% | 5.07% | 1.00 | ||||
| Erie 15-yr. fixed Mortgage Rates | Erie 7/1 ARM Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 4.55% | 4.69% | 0.10 | Wells Fargo | 4.14% | 3.60% | 1.00 |
| Bank of America | 5.18% | 5.36% | 1.03 | ||||
| Wells Fargo | 4.29% | 4.60% | 1.00 | ||||
| Erie 5/1 ARM Mortgage Rates | Erie 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 5.31% | 3.97% | 1.01 | Wells Fargo | 4.96% | 3.69% | 1.00 |
| Wells Fargo | 3.55% | 3.33% | 1.04 | ||||
| Erie 3/1 ARM Mortgage Rates | Erie 10-yr. fixed Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 5.42% | 3.77% | 1.04 | Citibank | 4.30% | 4.51% | 0.16 |
| Wells Fargo | 4.56% | 3.45% | 1.00 | ||||
Mortgage Statistics for Erie, Michigan
| Erie | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Erie, MI  |
5,355 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Erie mortgage. |
5,070 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Erie mortgage. |
59 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Erie mortgage. |
246 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Erie, MI, where you might buy a home. |
2,137 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Erie, where you might apply for a Erie mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Erie, MI |
$106,300 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Erie mortgage interest rates. |
$52,077 | $45,731 | $43,800 |