Current Mortgage Rates in Rochester, Minnesota
Monday, October 06, 2008
Current Mortgage Rates*
Loan Type Rochester Average |
|
| 30-yr. fixed | 6.12% |
| 30-yr. fixed jumbo | 7.75% |
| 15-yr. fixed | 5.88% |
| 15-yr. fixed jumbo | 6.88% |
| 7/1 ARM | 6.50% |
| 7/1 ARM jumbo | 7.25% |
| 5/1 ARM | 6.38% |
| 5/1 ARM jumbo | 7.00% |
| 3/1 ARM | 6.00% |
| 3/1 ARM jumbo | 6.50% |
| 1-yr. ARM | 4.88% |
| 1-yr. ARM jumbo | 5.25% |
| 1-yr. LIBOR ARM | 6.25% |
*Mortgage Rates Updated: 10/06/2008
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Current Mortgage Rates in Rochester, Minnesota
| Rochester 30-yr. fixed Mortgage Rates | Rochester 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.72% | 8.28% | 4.37 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.62% | 6.77% | 0.80 | Bank of America | 7.43% | 7.70% | 1.87 |
| Wachovia | 6.25% | 6.38% | 0.71 | Wells Fargo | 9.29% | 9.36% | 0.27 |
| Wells Fargo | 6.43% | 6.51% | 0.24 | Chase | 7.75% | 7.80% | 0.15 |
| Chase | 6.32% | 6.40% | 0.08 | ||||
| Fifth Third Bank | 6.41% | 6.48% | 0.36 | ||||
| Rochester 15-yr. fixed Mortgage Rates | Rochester 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.37% | 8.57% | 6.51 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.21% | 6.48% | 0.93 | Bank of America | 7.30% | 7.71% | 1.69 |
| Wachovia | 5.74% | 5.99% | 0.82 | Wells Fargo | 7.98% | 8.10% | 0.41 |
| Wells Fargo | 6.16% | 6.30% | 0.33 | Chase | 6.50% | 6.59% | 0.00 |
| Chase | 6.32% | 6.45% | 0.07 | ||||
| Fifth Third Bank | 5.87% | 5.98% | 0.38 | ||||
| Rochester 7/1 ARM Mortgage Rates | Rochester 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 | 6.58% | 6.46% | 0.98 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 5.78% | 5.83% | 0.59 | Wells Fargo | 8.44% | 7.47% | 0.30 |
| Wells Fargo | 7.34% | 6.87% | 0.18 | Chase | 6.62% | 7.15% | 0.12 |
| Chase | 6.85% | 6.41% | 0.04 | ||||
| Rochester 5/1 ARM Mortgage Rates | Rochester 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 | 6.46% | 6.15% | 0.88 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 7.07% | 6.58% | 0.24 | Wells Fargo | 7.81% | 6.83% | 0.34 |
| Chase | 6.82% | 6.27% | 0.02 | Chase | 7.78% | 6.66% | 0.00 |
| Fifth Third Bank | 6.21% | 5.98% | 0.28 | ||||
| Rochester 3/1 ARM Mortgage Rates | Rochester 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 | 6.02% | 6.15% | 0.93 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.54% | 5.61% | 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 | 5.78% | 5.81% | 0.25 | ||||
| Rochester 1-yr. ARM Mortgage Rates | Rochester 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 | 7.12% | 7.62% | 0.00 |
| Chase | 6.12% | 7.53% | 0.12 | ||||
Banks in Rochester, Minnesota
First Bank Southeast, 155 First Avenue, S.W. , Rochester Minnesota 55902Home Federal Savings Bank, 1016 Civic Center Drive, Rochester Minnesota 55901
Marquette Bank Rochester, 206 South Broadway, Rochester Minnesota 55901
Minnesota First Credit and Savings, Hillcrest Shopping Center, Rochester Minnesota 55901
Norwest Bank Minnesota South, 21 First Street, S.W. , Rochester Minnesota 55902
Olmsted National Bank, 120 Elton Hills Drive, N.W. , Rochester Minnesota 55901
Premier Bank Rochester, 421 First Avenue, S.W. , Rochester Minnesota 55903
Reliance Federal Savings and Loan Association, 421 Sw First Avenue, Rochester Minnesota 55901
Rochester Bank, 16th Avenue and 4th Street, N.W. , Rochester Minnesota 55901
United Financial Savings Bank, 300 South Broadway, Rochester Minnesota 55901
Credit Unions in Rochester, Minnesota
First Alliance, 501 16th ST. Se, Rochester MN 55904 (507) 288-0330Mayo Employees, 200 First Street Sw, Rochester MN 55905 (507) 535-1460
Rochester Dairy Cooperative Employe, 406 North Broadway, Rochester MN 55906 (507) 287-7315
Mortgage Statistics for Rochester, Minnesota
| Rochester | Minnesota | USA | |
|---|---|---|---|
| Population: Population - The population of Rochester, MN  |
101,373 | 4,914,823 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Rochester mortgage. |
89,894 | 4,395,096 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Rochester mortgage. |
3,210 | 171,709 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Rochester mortgage. |
2,759 | 143,234 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Rochester, MN, where you might buy a home. |
40,882 | 2,063,335 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Rochester, where you might apply for a Rochester mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Rochester, MN |
$118,321 | $117,545 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Rochester mortgage interest rates. |
$52,091 | $47,956 | $43,800 |