Current Mortgage Rates in Park Rapids, Minnesota
Saturday, November 22, 2008
Current Mortgage Rates*
Loan Type Park Rapids 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 Park Rapids, Minnesota
| Park Rapids 30-yr. fixed Mortgage Rates | Park Rapids 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 | ||||
| Park Rapids 15-yr. fixed Mortgage Rates | Park Rapids 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 | ||||
| Park Rapids 7/1 ARM Mortgage Rates | Park Rapids 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 | ||||
| Park Rapids 5/1 ARM Mortgage Rates | Park Rapids 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 | ||||
| Park Rapids 3/1 ARM Mortgage Rates | Park Rapids 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 | ||||
| Park Rapids 1-yr. ARM Mortgage Rates | Park 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 | 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 Park Rapids, Minnesota
Northwoods Bank of Minnesota, 1202 East First Street, Park Rapids Minnesota 56470State Bank of Park Rapids, 200 East 1st Street, Park Rapids Minnesota 56470
Mortgage Statistics for Park Rapids, Minnesota
| Park Rapids | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Park Rapids, MN  |
9,610 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Park Rapids mortgage. |
9,374 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Park Rapids mortgage. |
17 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Park Rapids mortgage. |
66 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Park Rapids, MN, where you might buy a home. |
6,148 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Park Rapids, where you might apply for a Park Rapids mortgage. |
1 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Park Rapids, MN |
$93,200 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Park Rapids mortgage interest rates. |
$33,536 | $47,956 | $43,800 |