Current Mortgage Rates in Novi, Michigan
Sunday, November 22, 2009
Current Mortgage Rates*
Loan Type Novi Average |
|
| 30-yr. fixed | 4.75% |
| 30-yr. fixed jumbo | 5.12% |
| 15-yr. fixed | 4.25% |
| 15-yr. fixed jumbo | 4.50% |
| 7/1 ARM | 4.38% |
| 7/1 ARM jumbo | 5.25% |
| 5/1 ARM | 4.00% |
| 5/1 ARM jumbo | 4.50% |
| 3/1 ARM | 3.88% |
| 3/1 ARM jumbo | 4.75% |
| 1-yr. ARM | 4.00% |
| 1-yr. ARM jumbo | 4.75% |
| 1-yr. LIBOR ARM | 4.38% |
*Mortgage Rates Updated: 11/21/2009
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Current Mortgage Rates in Novi, Michigan
| Novi 30-yr. fixed Mortgage Rates | Novi 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 5.15% | 5.21% | 0.26 | Wells Fargo | 5.73% | 5.86% | 1.00 |
| Wells Fargo | 4.85% | 5.03% | 1.00 | Chase | 5.63% | 5.75% | 1.00 |
| Chase | 4.86% | 5.02% | 1.00 | Fifth Third Bank | 5.40% | 5.42% | 0.00 |
| Fifth Third Bank | 4.91% | 4.95% | 0.20 | ||||
| Novi 15-yr. fixed Mortgage Rates | Novi 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 4.59% | 4.67% | 0.17 | Chase | 5.72% | 5.94% | 1.06 |
| Wells Fargo | 4.32% | 4.59% | 0.74 | Fifth Third Bank | 4.93% | 4.97% | 0.00 |
| Chase | 4.32% | 4.60% | 1.03 | ||||
| Fifth Third Bank | 4.30% | 4.35% | 0.00 | ||||
| Novi 7/1 ARM Mortgage Rates | Novi 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.87% | 3.67% | 1.00 | Chase | 5.13% | 4.12% | 1.03 |
| Chase | 4.30% | 3.82% | 1.06 | Fifth Third Bank | 4.95% | 4.28% | 0.00 |
| Novi 5/1 ARM Mortgage Rates | Novi 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.62% | 3.56% | 1.04 | Wells Fargo | 4.88% | 3.87% | 1.00 |
| Chase | 3.78% | 3.59% | 1.03 | Chase | 4.81% | 3.85% | 1.06 |
| Fifth Third Bank | 4.28% | 3.65% | 0.23 | Fifth Third Bank | 4.83% | 4.13% | 0.00 |
| Novi 3/1 ARM Mortgage Rates | Novi 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 4.01% | 3.60% | 1.00 | Chase | 5.54% | 3.82% | 1.03 |
| Chase | 4.21% | 3.62% | 1.00 | Fifth Third Bank | 4.70% | 4.01% | 0.00 |
| Fifth Third Bank | 4.22% | 3.46% | 0.07 | ||||
| Novi 1-yr. ARM Mortgage Rates | Novi 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Chase | 4.18% | 3.54% | 1.00 | Chase | 5.29% | 3.57% | 1.06 |
| Fifth Third Bank | 4.29% | 3.18% | 0.00 | Fifth Third Bank | 4.83% | 3.20% | 0.00 |
Banks in Novi, Michigan
Comerica Bank-metro West, 12 Oaks Mall, 27768 Novi Road, Novi Michigan 48050Manufacturers Bank of Novi, 26222 Novi Road, Novi Michigan 48050
Michigan National Bank - West Oakland, 24101 Novi Road, Novi Michigan 48050
Security Bank Oakland County, 41325 West Ten Mile Road, Novi Michigan 48050
Credit Unions in Novi, Michigan
Hometown Community, P.O. Box 8000, Novi MI 48376-8000 (248) 348-8500Iron Workers Local 25, P.O. Box 164, Novi MI 48376 (248) 344-2560
Mortgage Statistics for Novi, Michigan
| Novi | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Novi, MI  |
43,560 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Novi mortgage. |
37,780 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Novi mortgage. |
853 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Novi mortgage. |
780 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Novi, MI, where you might buy a home. |
17,861 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Novi, where you might apply for a Novi mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Novi, MI |
$210,718 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Novi mortgage interest rates. |
$74,757 | $45,731 | $43,800 |