Current Mortgage Rates in Farmington, Michigan
Saturday, October 11, 2008
Current Mortgage Rates*
Loan Type Farmington Average |
|
| 30-yr. fixed | 6.12% |
| 30-yr. fixed jumbo | 7.88% |
| 15-yr. fixed | 5.88% |
| 15-yr. fixed jumbo | 6.88% |
| 7/1 ARM | 6.25% |
| 7/1 ARM jumbo | 7.25% |
| 5/1 ARM | 6.00% |
| 5/1 ARM jumbo | 6.75% |
| 3/1 ARM | 5.88% |
| 3/1 ARM jumbo | 6.25% |
| 1-yr. ARM | 6.00% |
| 1-yr. ARM jumbo | 6.12% |
| 1-yr. LIBOR ARM | 6.12% |
*Mortgage Rates Updated: 10/07/2008
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Current Mortgage Rates in Farmington, Michigan
| Farmington 30-yr. fixed Mortgage Rates | Farmington 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.02% | 7.32% | 1.93 | Citibank | 7.38% | 7.47% | 0.19 |
| Bank of America | 6.61% | 6.76% | 0.81 | Bank of America | 7.31% | 7.56% | 1.81 |
| Wachovia | 6.24% | 6.38% | 0.71 | Wells Fargo | 9.21% | 9.28% | 0.26 |
| Wells Fargo | 6.42% | 6.50% | 0.24 | Chase | 7.72% | 7.77% | 0.14 |
| Chase | 6.32% | 6.40% | 0.09 | Fifth Third Bank | 7.13% | 7.16% | 0.02 |
| Fifth Third Bank | 6.42% | 6.48% | 0.26 | ||||
| Farmington 15-yr. fixed Mortgage Rates | Farmington 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.03% | 7.90% | 4.53 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.21% | 6.48% | 0.93 | Bank of America | 7.15% | 7.52% | 1.51 |
| Wachovia | 5.73% | 5.99% | 0.81 | Wells Fargo | 7.98% | 8.10% | 0.41 |
| Wells Fargo | 6.16% | 6.29% | 0.33 | Chase | 6.75% | 6.82% | 0.06 |
| Chase | 6.32% | 6.44% | 0.07 | Fifth Third Bank | 6.40% | 6.44% | 0.00 |
| Fifth Third Bank | 5.89% | 6.00% | 0.29 | ||||
| Farmington 7/1 ARM Mortgage Rates | Farmington 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.69% | 7.15% | 0.19 | Citibank | 7.06% | 7.32% | 0.00 |
| Bank of America | 6.46% | 6.40% | 0.97 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 5.79% | 5.84% | 0.59 | Wells Fargo | 8.45% | 7.48% | 0.29 |
| Wells Fargo | 7.32% | 6.86% | 0.18 | Chase | 7.33% | 7.26% | 0.25 |
| Chase | 6.83% | 6.44% | 0.04 | Fifth Third Bank | 7.14% | 7.16% | 0.00 |
| Fifth Third Bank | 6.57% | 6.62% | 0.00 | ||||
| Farmington 5/1 ARM Mortgage Rates | Farmington 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.56% | 7.18% | 0.06 | Citibank | 7.06% | 7.36% | 0.00 |
| Bank of America | 6.45% | 6.16% | 0.88 | Bank of America | 8.07% | 6.65% | 1.05 |
| Wells Fargo | 7.03% | 6.60% | 0.23 | Wells Fargo | 7.81% | 6.85% | 0.32 |
| Chase | 6.77% | 6.30% | 0.03 | Chase | 7.72% | 6.69% | 0.01 |
| Fifth Third Bank | 6.24% | 5.97% | 0.23 | Fifth Third Bank | 6.67% | 6.16% | 0.02 |
| Farmington 3/1 ARM Mortgage Rates | Farmington 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.69% | 7.33% | 0.00 | Citibank | 7.38% | 7.50% | 0.00 |
| Bank of America | 6.00% | 6.17% | 0.94 | Bank of America | 6.94% | 7.48% | 0.58 |
| Wachovia | 5.55% | 5.62% | 0.48 | Wells Fargo | 7.50% | 7.30% | 0.19 |
| Wells Fargo | 6.94% | 7.20% | 0.12 | Chase | 6.94% | 7.40% | 0.12 |
| Chase | 6.81% | 7.35% | 0.00 | Fifth Third Bank | 6.60% | 6.04% | 0.00 |
| Fifth Third Bank | 5.85% | 5.82% | 0.21 | ||||
| Farmington 1-yr. ARM Mortgage Rates | Farmington 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.76% | 0.00 | Citibank | 7.00% | 7.90% | 0.00 |
| Bank of America | 7.42% | 6.20% | 1.53 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 7.12% | 7.62% | 0.00 |
| Chase | 6.12% | 7.53% | 0.12 | Fifth Third Bank | 6.50% | 5.97% | 0.01 |
| Fifth Third Bank | 6.13% | 5.72% | 0.00 | ||||
Banks in Farmington, Michigan
First Farmington Savings and Loan Association, 22725 Orchard Lake Road, Farmington Michigan 48024Metropolitan Savings Association, 31550 Northwestern Highway, Farmington Michigan 48018
Credit Unions in Farmington, Michigan
Chiropractic, 23617 Liberty, Farmington MI 48335 (248) 478-4020Mortgage Statistics for Farmington, Michigan
| Farmington | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Farmington, MI  |
90,457 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Farmington mortgage. |
75,134 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Farmington mortgage. |
5,932 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Farmington mortgage. |
1,322 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Farmington, MI, where you might buy a home. |
39,128 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Farmington, where you might apply for a Farmington mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Farmington, MI |
$216,155 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Farmington mortgage interest rates. |
$66,913 | $45,731 | $43,800 |