Current Mortgage Rates in Detroit Lakes, Minnesota
Monday, October 06, 2008
Current Mortgage Rates*
Loan Type Detroit Lakes Average |
|
| 30-yr. fixed | 6.12% |
| 15-yr. fixed | 5.62% |
| 5/1 ARM | 6.38% |
| 3/1 ARM | 6.12% |
| FHA Mortgage | 6.25% |
| Fixed Rate Mortgage | 7.12% |
| VA Mortgage | 6.25% |
*Mortgage Rates Updated: 10/04/2008
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Current Mortgage Rates in Detroit Lakes, Minnesota
| Detroit Lakes 30-yr. fixed Mortgage Rates | Detroit Lakes 15-yr. fixed Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Fifth Third Bank | 6.41% | 6.48% | 0.36 | Fifth Third Bank | 5.87% | 5.98% | 0.38 |
| Detroit Lakes 5/1 ARM Mortgage Rates | Detroit Lakes 3/1 ARM Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Fifth Third Bank | 6.21% | 5.98% | 0.28 | Fifth Third Bank | 5.78% | 5.81% | 0.25 |
Banks in Detroit Lakes, Minnesota
Bremer Bank, National Association, 115 East Holmes Street, Detroit Lakes Minnesota 56501First State Bank of Audubon, 920 Lake Avenue, Detroit Lakes Minnesota 56501
Lakeland Federal Savings Bank, 211 West Holmes, Detroit Lakes Minnesota 56501
Lakeland Savings Bank, 211 West Holmes, Detroit Lakes Minnesota 56501
Mortgage Statistics for Detroit Lakes, Minnesota
| Detroit Lakes | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Detroit Lakes, MN  |
15,047 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Detroit Lakes mortgage. |
14,045 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Detroit Lakes mortgage. |
42 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Detroit Lakes mortgage. |
128 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Detroit Lakes, MN, where you might buy a home. |
8,644 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Detroit Lakes, where you might apply for a Detroit Lakes mortgage. |
1 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Detroit Lakes, MN |
$90,600 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Detroit Lakes mortgage interest rates. |
$35,604 | $47,956 | $43,800 |