Current Mortgage Rates in Royal Oak, Michigan
Tuesday, October 07, 2008
Current Mortgage Rates*
Loan Type Royal Oak Average |
|
| 30-yr. fixed | 6.00% |
| 15-yr. fixed | 5.50% |
| 5/1 ARM | 6.12% |
| 3/1 ARM | 5.88% |
| FHA Mortgage | 6.00% |
| Fixed Rate Mortgage | 6.88% |
| VA Mortgage | 6.00% |
*Mortgage Rates Updated: 10/07/2008
Get Current Mortgage Rates
From Top Lenders
Current Mortgage Rates in Royal Oak, Michigan
| Royal Oak 30-yr. fixed Mortgage Rates | Royal Oak 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.62% | 6.68% | 0.00 | Citibank | 7.75% | 7.79% | 0.12 |
| Bank of America | 6.38% | 6.50% | 0.92 | Bank of America | 7.12% | 7.26% | 1.17 |
| Wells Fargo | 6.62% | 6.68% | 0.25 | Wells Fargo | 7.25% | 7.29% | 0.12 |
| Chase | 6.50% | 6.59% | 0.25 | Chase | 7.12% | 7.16% | 0.12 |
| Fifth Third Bank | 6.40% | 6.47% | 0.36 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Royal Oak 15-yr. fixed Mortgage Rates | Royal Oak 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.25% | 6.37% | 0.25 | Bank of America | 7.62% | 7.82% | 1.00 |
| Bank of America | 6.12% | 6.32% | 0.90 | Wells Fargo | 7.12% | 7.17% | 0.12 |
| Wells Fargo | 6.25% | 6.35% | 0.25 | Chase | 7.00% | 7.05% | 0.12 |
| Chase | 6.38% | 6.47% | 0.12 | Fifth Third Bank | 7.50% | 7.54% | 0.00 |
| Fifth Third Bank | 5.86% | 5.98% | 0.38 | ||||
| Royal Oak 7/1 ARM Mortgage Rates | Royal Oak 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.88% | 7.10% | 0.12 | Citibank | 7.12% | 7.19% | 0.00 |
| Chase | 6.62% | 6.98% | 0.12 | Chase | 6.75% | 7.02% | 0.12 |
| Fifth Third Bank | 6.50% | 6.55% | 0.00 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Royal Oak 5/1 ARM Mortgage Rates | Royal Oak 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.08% | 0.00 | Citibank | 7.25% | 7.25% | 0.00 |
| Bank of America | 6.00% | 6.84% | 1.08 | Bank of America | 6.75% | 7.10% | 0.95 |
| Wells Fargo | 6.50% | 6.78% | 0.12 | Wells Fargo | 7.75% | 7.09% | 0.12 |
| Chase | 6.25% | 6.90% | 0.12 | Chase | 7.00% | 7.18% | 0.12 |
| Fifth Third Bank | 6.20% | 5.99% | 0.28 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Royal Oak 3/1 ARM Mortgage Rates | Royal Oak 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.14% | 0.00 | Citibank | 7.75% | 7.39% | 0.00 |
| Bank of America | 6.00% | 7.06% | 1.09 | Bank of America | 7.00% | 7.35% | 1.08 |
| Wells Fargo | 7.50% | 6.97% | 0.12 | Wells Fargo | 8.25% | 7.08% | 0.25 |
| Chase | 6.88% | 7.33% | 0.00 | Chase | 7.12% | 7.38% | 0.25 |
| Fifth Third Bank | 5.78% | 5.82% | 0.25 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
| Royal Oak 1-yr. ARM Mortgage Rates | Royal Oak 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Fifth Third Bank | 6.50% | 6.55% | 0.00 | Fifth Third Bank | 7.38% | 7.40% | 0.00 |
Banks in Royal Oak, Michigan
National Bank of Royal Oak, 215 South Center Street, Royal Oak Michigan 48067Credit Unions in Royal Oak, Michigan
Northwood Transportation, 30606 Woodward, Royal Oak MI 48073 (248) 549-3200Rome, 1709 Crooks Rd, Royal Oak MI 48067 (248) 548-2300
Royal Oak Schools, 1903 Rochester Road, Royal Oak MI 48073 (248) 399-7473
Royal Oakland Community, 3070 Normandy, Royal Oak MI 48073 (248) 549-3838
Mortgage Statistics for Royal Oak, Michigan
| Royal Oak | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Royal Oak, MI  |
59,928 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Royal Oak mortgage. |
56,812 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Royal Oak mortgage. |
927 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Royal Oak mortgage. |
780 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Royal Oak, MI, where you might buy a home. |
29,865 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Royal Oak, where you might apply for a Royal Oak mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Royal Oak, MI |
$149,634 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Royal Oak mortgage interest rates. |
$52,273 | $45,731 | $43,800 |