Current Mortgage Rates in Albert Lea, Minnesota
Saturday, September 06, 2008
Current Mortgage Rates*
Loan Type Albert Lea Average |
|
| 30-yr. fixed | 6.50% |
| 30-yr. fixed jumbo | 7.38% |
| 15-yr. fixed | 6.00% |
| 15-yr. fixed jumbo | 6.62% |
| 7/1 ARM | 6.38% |
| 7/1 ARM jumbo | 7.38% |
| 5/1 ARM | 6.12% |
| 5/1 ARM jumbo | 7.00% |
| 3/1 ARM | 5.88% |
| 3/1 ARM jumbo | 7.00% |
| 1-yr. ARM | 6.50% |
| 1-yr. ARM jumbo | 7.75% |
| 1-yr. LIBOR ARM | 5.38% |
*Mortgage Rates Updated: 09/04/2008
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Current Mortgage Rates in Albert Lea, Minnesota
| Albert Lea 30-yr. fixed Mortgage Rates | Albert Lea 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.83% | 8.43% | 4.71 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.80% | 6.94% | 0.72 | Bank of America | 7.00% | 7.10% | 0.08 |
| Wachovia | 6.31% | 6.44% | 0.75 | Wells Fargo | 7.12% | 7.19% | 0.12 |
| Wells Fargo | 6.75% | 6.99% | 0.25 | Chase | 6.88% | 6.94% | 0.25 |
| Chase | 6.75% | 6.84% | 0.25 | ||||
| Fifth Third Bank | 6.50% | 6.56% | 0.34 | ||||
| Albert Lea 15-yr. fixed Mortgage Rates | Albert Lea 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.43% | 8.66% | 6.72 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.25% | 6.49% | 0.81 | Bank of America | 7.25% | 7.38% | 0.00 |
| Wachovia | 5.76% | 6.02% | 0.87 | Wells Fargo | 7.83% | 7.96% | 0.44 |
| Wells Fargo | 6.21% | 6.34% | 0.33 | Chase | 6.50% | 6.59% | 0.00 |
| Chase | 6.38% | 6.48% | 0.12 | ||||
| Fifth Third Bank | 5.95% | 6.06% | 0.38 | ||||
| Albert Lea 7/1 ARM Mortgage Rates | Albert Lea 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.50% | 7.21% | 0.25 | Citibank | 7.00% | 7.46% | 0.00 |
| Bank of America | 6.62% | 7.29% | 0.03 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 5.69% | 5.75% | 0.64 | Wells Fargo | 6.62% | 7.22% | 0.38 |
| Wells Fargo | 6.50% | 7.27% | 0.25 | Chase | 6.62% | 7.15% | 0.12 |
| Chase | 6.62% | 7.11% | 0.00 | ||||
| Albert Lea 5/1 ARM Mortgage Rates | Albert Lea 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.38% | 7.29% | 0.12 | Citibank | 6.88% | 7.47% | 0.00 |
| Bank of America | 6.66% | 6.12% | 0.82 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 6.38% | 7.27% | 0.38 | Wells Fargo | 6.38% | 7.24% | 0.25 |
| Chase | 6.50% | 7.18% | 0.00 | Chase | 6.75% | 7.32% | 0.00 |
| Fifth Third Bank | 6.17% | 5.91% | 0.30 | ||||
| Albert Lea 3/1 ARM Mortgage Rates | Albert Lea 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.62% | 7.51% | 0.00 | Citibank | 7.00% | 7.62% | 0.00 |
| Bank of America | 6.50% | 7.54% | 0.17 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.50% | 5.57% | 0.48 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 6.38% | 7.44% | 0.12 | Chase | 6.75% | 7.41% | 0.00 |
| Chase | 6.75% | 7.37% | 0.00 | ||||
| Fifth Third Bank | 5.72% | 5.72% | 0.26 | ||||
| Albert Lea 1-yr. ARM Mortgage Rates | Albert Lea 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 | 6.88% | 7.66% | 0.04 | 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 | ||||
Banks in Albert Lea, Minnesota
Americana National Bank, 217 South Newton Avenue, Albert Lea Minnesota 56007First Bank - Albert Lea, 331 South Broadway, Albert Lea Minnesota 56007
First Federal Savings and Loan Association of Albert Lea, 143 W Clark St, Albert Lea Minnesota 56007
Norwest Bank Albert Lea, 122 East Main Street, Albert Lea Minnesota 56007
Security Bank Minnesota, 427 Bridge Avenue, Albert Lea Minnesota 56007
Credit Unions in Albert Lea, Minnesota
City and County Employees, 221 East Clark Street, Albert Lea MN 56007 (507) 377-4323Queen Employees, P. O. Box 484, Albert Lea MN 56007 (507) 377-8909
Trades & Labor, 610 So Broadway, Albert Lea MN 56007 (507) 377-1863
Mortgage Statistics for Albert Lea, Minnesota
| Albert Lea | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Albert Lea, MN  |
21,525 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Albert Lea mortgage. |
20,161 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Albert Lea mortgage. |
69 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Albert Lea mortgage. |
1,807 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Albert Lea, MN, where you might buy a home. |
9,357 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Albert Lea, where you might apply for a Albert Lea mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Albert Lea, MN |
$75,300 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Albert Lea mortgage interest rates. |
$35,496 | $47,956 | $43,800 |