Current Mortgage Rates in Fairmont, Minnesota
Sunday, November 23, 2008
Current Mortgage Rates*
Loan Type Fairmont Average |
|
| 30-yr. fixed | 6.00% |
| 30-yr. fixed jumbo | 7.75% |
| 15-yr. fixed | 5.62% |
| 15-yr. fixed jumbo | 7.38% |
| 7/1 ARM | 6.12% |
| 7/1 ARM jumbo | 7.75% |
| 5/1 ARM | 5.75% |
| 5/1 ARM jumbo | 6.75% |
| 3/1 ARM | 5.88% |
| 3/1 ARM jumbo | 7.00% |
| 1-yr. ARM | 7.50% |
| 1-yr. ARM jumbo | 6.50% |
| 1-yr. LIBOR ARM | 6.12% |
*Mortgage Rates Updated: 11/21/2008
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Current Mortgage Rates in Fairmont, Minnesota
| Fairmont 30-yr. fixed Mortgage Rates | Fairmont 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.41% | 7.88% | 3.65 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.69% | 6.84% | 0.87 | Bank of America | 7.45% | 7.72% | 1.89 |
| Wachovia | 6.16% | 6.29% | 0.69 | Wells Fargo | 9.50% | 9.61% | 0.72 |
| Wells Fargo | 6.25% | 6.35% | 0.70 | Chase | 7.88% | 8.03% | 1.06 |
| Chase | 6.20% | 6.36% | 0.91 | ||||
| Fifth Third Bank | 6.34% | 6.40% | 0.35 | ||||
| Fairmont 15-yr. fixed Mortgage Rates | Fairmont 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.02% | 7.98% | 5.16 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.19% | 6.48% | 1.07 | Bank of America | 7.35% | 7.76% | 1.69 |
| Wachovia | 5.73% | 5.98% | 0.80 | Wells Fargo | 8.42% | 8.56% | 0.58 |
| Wells Fargo | 6.08% | 6.24% | 0.54 | Chase | 8.32% | 8.57% | 1.15 |
| Chase | 6.00% | 6.25% | 0.88 | ||||
| Fifth Third Bank | 5.86% | 5.97% | 0.36 | ||||
| Fairmont 7/1 ARM Mortgage Rates | Fairmont 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 6.14% | 0.96 | Citibank | 7.00% | 7.46% | 0.00 |
| Bank of America | 6.92% | 6.54% | 1.21 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 6.06% | 6.09% | 0.44 | Wells Fargo | 8.67% | 7.25% | 0.73 |
| Wells Fargo | 6.77% | 6.52% | 0.71 | Chase | 8.42% | 6.87% | 1.13 |
| Chase | 6.66% | 6.27% | 0.90 | ||||
| Fairmont 5/1 ARM Mortgage Rates | Fairmont 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.44% | 5.97% | 1.02 | Citibank | 6.88% | 7.47% | 0.00 |
| Bank of America | 6.52% | 6.17% | 1.02 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 6.66% | 6.43% | 0.72 | Wells Fargo | 7.53% | 6.66% | 0.74 |
| Chase | 6.39% | 6.11% | 0.85 | Chase | 7.14% | 6.34% | 0.86 |
| Fifth Third Bank | 6.25% | 6.00% | 0.31 | ||||
| Fairmont 3/1 ARM Mortgage Rates | Fairmont 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.12% | 5.84% | 0.92 | Citibank | 7.00% | 7.62% | 0.00 |
| Bank of America | 6.44% | 6.14% | 1.08 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.75% | 5.80% | 0.35 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 7.21% | 6.43% | 0.91 | Chase | 7.32% | 6.02% | 1.02 |
| Chase | 5.83% | 5.80% | 1.03 | ||||
| Fifth Third Bank | 6.00% | 5.87% | 0.26 | ||||
| Fairmont 1-yr. ARM Mortgage Rates | Fairmont 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 | 7.42% | 6.20% | 1.53 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 6.74% | 5.82% | 1.05 |
| Chase | 5.73% | 5.78% | 0.96 | ||||
Banks in Fairmont, Minnesota
Bank Midwest, Minnesota Iowa, 118 North Avenue, Fairmont Minnesota 56031Bank Midwest, Minnesota Iowa, 118 Downtown Plaza, Fairmont Minnesota 56031
Fairmont Federal Savings and Loan Association, 115 West First St, Fairmont Minnesota 56031
Fairmont Federal Savings Association, 115 West First Street, Fairmont Minnesota 56031
First Farmers & Merchants National Bank, 114 South Park, Fairmont Minnesota 56031
State Bank of Fairmont, 918 East Blue Earth Avenue, Fairmont Minnesota 56031
The First National Bank of Fairmont, 103 North Park Street, Fairmont Minnesota 56031
The Martin County National Bank of Fairmont, 105 Lake Avenue, Fairmont Minnesota 56031
Mortgage Statistics for Fairmont, Minnesota
| Fairmont | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Fairmont, MN  |
12,725 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Fairmont mortgage. |
12,229 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Fairmont mortgage. |
49 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Fairmont mortgage. |
345 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Fairmont, MN, where you might buy a home. |
5,756 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Fairmont, where you might apply for a Fairmont mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Fairmont, MN |
$71,600 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Fairmont mortgage interest rates. |
$34,622 | $47,956 | $43,800 |