Current Mortgage Rates in Minnesota

Sunday, September 07, 2008



Current Mortgage Rates*

Loan Type
Minnesota Average
30-yr. fixed6.50%
30-yr. fixed jumbo7.38%
15-yr. fixed6.00%
15-yr. fixed jumbo6.62%
7/1 ARM6.38%
7/1 ARM jumbo7.38%
5/1 ARM6.12%
5/1 ARM jumbo7.00%
3/1 ARM5.88%
3/1 ARM jumbo7.00%
1-yr. ARM6.50%
1-yr. ARM jumbo7.75%
1-yr. LIBOR ARM5.38%
*Mortgage Rates Updated: 09/04/2008

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Current Mortgage Rates in Minnesota

Minnesota 30-yr. fixed Mortgage Rates Minnesota 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.83%8.43%4.71Citibank7.00%7.14%0.25
Bank of America6.80%6.94%0.72Bank of America7.00%7.10%0.08
Wachovia6.31%6.44%0.75Wells Fargo7.12%7.19%0.12
Wells Fargo6.75%6.99%0.25Chase6.88%6.94%0.25
Chase6.75%6.84%0.25 
Fifth Third Bank6.50%6.56%0.34 
Minnesota 15-yr. fixed Mortgage Rates Minnesota 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.43%8.66%6.72Citibank6.75%6.89%0.00
Bank of America6.25%6.49%0.81Bank of America7.25%7.38%0.00
Wachovia5.76%6.02%0.87Wells Fargo7.83%7.96%0.44
Wells Fargo6.21%6.34%0.33Chase6.50%6.59%0.00
Chase6.38%6.48%0.12 
Fifth Third Bank5.95%6.06%0.38 
Minnesota 7/1 ARM Mortgage Rates Minnesota 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.50%7.21%0.25Citibank7.00%7.46%0.00
Bank of America6.62%7.29%0.03Bank of America6.88%7.36%0.48
Wachovia5.69%5.75%0.64Wells Fargo6.62%7.22%0.38
Wells Fargo6.50%7.27%0.25Chase6.62%7.15%0.12
Chase6.62%7.11%0.00 
Minnesota 5/1 ARM Mortgage Rates Minnesota 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.38%7.29%0.12Citibank6.88%7.47%0.00
Bank of America6.66%6.12%0.82Bank of America8.14%6.63%1.05
Wells Fargo6.38%7.27%0.38Wells Fargo6.38%7.24%0.25
Chase6.50%7.18%0.00Chase6.75%7.32%0.00
Fifth Third Bank6.17%5.91%0.30 
Minnesota 3/1 ARM Mortgage Rates Minnesota 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.62%7.51%0.00Citibank7.00%7.62%0.00
Bank of America6.50%7.54%0.17Bank of America6.88%7.60%0.08
Wachovia5.50%5.57%0.48Wells Fargo6.75%7.52%0.12
Wells Fargo6.38%7.44%0.12Chase6.75%7.41%0.00
Chase6.75%7.37%0.00 
Fifth Third Bank5.72%5.72%0.26 
Minnesota 1-yr. ARM Mortgage Rates Minnesota 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America6.88%7.66%0.04Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase7.12%7.62%0.00
Chase6.12%7.53%0.12 

Current Mortgage Rates by City

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Mortgage Statistics for Minnesota

  Minnesota USA
Population:
Population - The population of Minnesota
 4,914,823 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Minnesota mortgage.
 4,395,096 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Minnesota mortgage.
 171,709 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Minnesota mortgage.
 143,234 34,671,551
HouseHolds:
HouseHolds - The total number of households in Minnesota, where you might buy a home.
 2,063,335 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Minnesota, where you might apply for a Minnesota mortgage.
 2 2
Average House Value:
Average House Value - The average house value in Minnesota
 $117,545 $132,188
Income per Household:
Income per Household - The household income where you might compare Minnesota mortgage interest rates.
 $47,956 $43,800