Current Mortgage Rates in Cottage Grove, Minnesota
Saturday, September 06, 2008
Current Mortgage Rates*
Loan Type Cottage Grove Average |
|
| 30-yr. fixed | 6.50% |
| 15-yr. fixed | 5.75% |
| 5/1 ARM | 6.00% |
| 3/1 ARM | 5.75% |
| FHA Mortgage | 6.25% |
| Fixed Rate Mortgage | 7.00% |
| VA Mortgage | 6.00% |
*Mortgage Rates Updated: 09/04/2008
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Current Mortgage Rates in Cottage Grove, Minnesota
| Cottage Grove 30-yr. fixed Mortgage Rates | Cottage Grove 15-yr. fixed Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Fifth Third Bank | 6.50% | 6.56% | 0.34 | Fifth Third Bank | 5.95% | 6.06% | 0.38 |
| Cottage Grove 5/1 ARM Mortgage Rates | Cottage Grove 3/1 ARM Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Fifth Third Bank | 6.17% | 5.91% | 0.30 | Fifth Third Bank | 5.72% | 5.72% | 0.26 |
Mortgage Statistics for Cottage Grove, Minnesota
| Cottage Grove | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Cottage Grove, MN  |
30,141 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Cottage Grove mortgage. |
28,189 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Cottage Grove mortgage. |
714 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Cottage Grove mortgage. |
773 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Cottage Grove, MN, where you might buy a home. |
9,853 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Cottage Grove, where you might apply for a Cottage Grove mortgage. |
3 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Cottage Grove, MN |
$136,500 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Cottage Grove mortgage interest rates. |
$65,314 | $47,956 | $43,800 |