Current Mortgage Rates in Grosse Pointe, Michigan

Thursday, August 28, 2008



Current Mortgage Rates*

Loan Type
Grosse Pointe Average
30-yr. fixed6.50%
15-yr. fixed5.88%
5/1 ARM6.00%
3/1 ARM5.75%
FHA Mortgage6.00%
Fixed Rate Mortgage7.00%
VA Mortgage6.12%
*Mortgage Rates Updated: 08/27/2008

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Current Mortgage Rates in Grosse Pointe, Michigan

Grosse Pointe 30-yr. fixed Mortgage Rates Grosse Pointe 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 Bank6.50%6.56%0.34Fifth Third Bank7.38%7.40%0.00
Grosse Pointe 15-yr. fixed Mortgage Rates Grosse Pointe 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 Bank5.95%6.06%0.38 
Grosse Pointe 7/1 ARM Mortgage Rates Grosse Pointe 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
Grosse Pointe 5/1 ARM Mortgage Rates Grosse Pointe 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 Bank6.17%5.92%0.30Fifth Third Bank7.38%7.40%0.00
Grosse Pointe 3/1 ARM Mortgage Rates Grosse Pointe 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 Bank5.72%5.72%0.26Fifth Third Bank7.38%7.40%0.00
Grosse Pointe 1-yr. ARM Mortgage Rates Grosse Pointe 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

Mortgage Statistics for Grosse Pointe, Michigan

  Grosse Pointe Michigan USA
Population:
Population - The population of Grosse Pointe, MI
 49,549 9,937,974 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Grosse Pointe mortgage.
 46,714 7,965,607 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Grosse Pointe mortgage.
 1,207 1,412,742 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Grosse Pointe mortgage.
 649 323,872 34,671,551
HouseHolds:
HouseHolds - The total number of households in Grosse Pointe, MI, where you might buy a home.
 20,098 4,232,228 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Grosse Pointe, where you might apply for a Grosse Pointe mortgage.
 2 2 2
Average House Value:
Average House Value - The average house value in Grosse Pointe, MI
 $271,070 $114,739 $132,188
Income per Household:
Income per Household - The household income where you might compare Grosse Pointe mortgage interest rates.
 $82,038 $45,731 $43,800

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