Current Mortgage Rates in Grand Rapids, Minnesota
Saturday, September 06, 2008
Current Mortgage Rates*
Loan Type Grand Rapids 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 Grand Rapids, Minnesota
| Grand Rapids 30-yr. fixed Mortgage Rates | Grand Rapids 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 | ||||
| Grand Rapids 15-yr. fixed Mortgage Rates | Grand Rapids 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 | ||||
| Grand Rapids 7/1 ARM Mortgage Rates | Grand Rapids 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 | ||||
| Grand Rapids 5/1 ARM Mortgage Rates | Grand Rapids 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 | ||||
| Grand Rapids 3/1 ARM Mortgage Rates | Grand Rapids 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 | ||||
| Grand Rapids 1-yr. ARM Mortgage Rates | Grand Rapids 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 Grand Rapids, Minnesota
American Bank of The North, 1215 Pokegama Avenue South, Grand Rapids Minnesota 55744First Federal Savings and Loan Association of Grand Rapids, One West Fifth St, Grand Rapids Minnesota 55744
Grand Rapids State Bank, Main Street, Grand Rapids Minnesota 55744
Norwest Bank Grand Rapids, Main Street, Grand Rapids Minnesota 55744
Mortgage Statistics for Grand Rapids, Minnesota
| Grand Rapids | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Grand Rapids, MN  |
19,799 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Grand Rapids mortgage. |
19,199 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Grand Rapids mortgage. |
38 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Grand Rapids mortgage. |
117 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Grand Rapids, MN, where you might buy a home. |
9,241 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Grand Rapids, where you might apply for a Grand Rapids mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Grand Rapids, MN |
$87,800 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Grand Rapids mortgage interest rates. |
$37,415 | $47,956 | $43,800 |