Current Mortgage Rates in Traverse City, Michigan
Saturday, March 20, 2010
Current Mortgage Rates*
Loan Type Traverse City Average |
|
| 30-yr. fixed | 5.12% |
| 30-yr. fixed jumbo | 5.50% |
| 15-yr. fixed | 4.25% |
| 15-yr. fixed jumbo | 5.38% |
| 7/1 ARM | 4.12% |
| 7/1 ARM jumbo | 5.12% |
| 5/1 ARM | 4.00% |
| 5/1 ARM jumbo | 4.75% |
| 3/1 ARM | 4.38% |
| 3/1 ARM jumbo | 4.25% |
| 1-yr. ARM | 2.88% |
| 1-yr. ARM jumbo | 3.00% |
| 1-yr. LIBOR ARM | 4.62% |
*Mortgage Rates Updated: 03/19/2010
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Current Mortgage Rates in Traverse City, Michigan
| Traverse City 30-yr. fixed Mortgage Rates | Traverse City 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 5.24% | 5.32% | 0.11 | Wells Fargo | 5.44% | 5.57% | 1.00 |
| Bank of America | 6.78% | 6.94% | 1.64 | ||||
| Wells Fargo | 4.88% | 5.06% | 1.00 | ||||
| Traverse City 15-yr. fixed Mortgage Rates | Traverse City 7/1 ARM Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 4.58% | 4.72% | 0.12 | Wells Fargo | 4.08% | 3.58% | 1.00 |
| Bank of America | 5.26% | 5.45% | 1.11 | ||||
| Wells Fargo | 4.20% | 4.51% | 1.00 | ||||
| Traverse City 5/1 ARM Mortgage Rates | Traverse City 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 5.31% | 3.97% | 1.04 | Wells Fargo | 4.97% | 3.70% | 1.00 |
| Wells Fargo | 3.58% | 3.34% | 1.04 | ||||
| Traverse City 3/1 ARM Mortgage Rates | Traverse City 10-yr. fixed Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Bank of America | 5.44% | 3.77% | 1.02 | Citibank | 4.31% | 4.51% | 0.11 |
| Wells Fargo | 4.48% | 3.44% | 1.00 | Bank of America | 5.35% | 5.61% | 1.02 |
Banks in Traverse City, Michigan
First of America Bank - Northern Michigan, 701 Randolph, Traverse City Michigan 49685First of America Bank-grand Traverse, 701 Randolph, Traverse City Michigan 49685
National Bank and Trust Company of Traverse City, Front and Park Streets, Traverse City Michigan 49684
Nbd Northwest Bank, Front and Park Streets, Traverse City Michigan 49684
Northwestern Bank, 625 South Garfield Avenue, Traverse City Michigan 49685
Old Kent Bank-grand Traverse, 102 West Front Street, Traverse City Michigan 49685
The Empire National Bank of Traverse City, 1227 East Front Street, Traverse City Michigan 49684
Traverse City State Bank, 310 West Front Street, Suite 100, Traverse City Michigan 49684
Credit Unions in Traverse City, Michigan
Cone Drive Gears, 825 Lake AVE. , Traverse City MI 49684 (231) 947-6043East Traverse Catholic, P. O. Box 949, Traverse City MI 49685 (231) 946-6655
Members, P.O. Box 795, Traverse City MI 49685 (231) 929-2000
Northwest Consumers, 2948 Garfield Rd N, Traverse City MI 49686 (231) 947-7600
Sheffer Collet/itw Employees, 5065 Harris Road, Traverse City MI 49684 (231) 947-4288
Mortgage Statistics for Traverse City, Michigan
| Traverse City | Michigan | USA | |
|---|---|---|---|
| Population: Population - The population of Traverse City, MI  |
63,855 | 9,937,974 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Traverse City mortgage. |
61,659 | 7,965,607 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Traverse City mortgage. |
217 | 1,412,742 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Traverse City mortgage. |
1,030 | 323,872 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Traverse City, MI, where you might buy a home. |
28,572 | 4,232,228 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Traverse City, where you might apply for a Traverse City mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Traverse City, MI |
$129,324 | $114,739 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Traverse City mortgage interest rates. |
$43,720 | $45,731 | $43,800 |