AnchorBank Mortgage Rates vs. current national average

June 22, 2010 No Comments »

For any residents of the state of Wisconsin in the market for a new home loan or mortgage, AnchorBank, based out of Madison, Wisconsin, is currently offers some of the lowest mortgage rates in the state.

While you can find better deals on rates from online institutions, if you’re strictly after local deals with a physical branch, Anchor Bank might be your best bet.

As of today they offer a number of both fixed and adjustable rate mortgage products, however, their 30 year fixed rate deal is currently beating the national average by the highest margin.

Who is Anchor Bank?

AnchorBank  is a $4.5 billion bank (according to asset size) and Wisconsin’s single largest thrift. They offer personal and business banking services to more than 165,000 households and businesses according to their website (www.anchorbank.com). They are a wholly owned subsidiary of Anchor BanCorp Wisconsin Inc., which incorporated into a holding company on March 18, 1992 – later going public on July 15, 1992.

As of 2012, Anchor Bank has $2.1 billion in loans and controls nearly $2.3 billion in consumer deposits. They have an A+ rating on BBB (Better Business Bureau) and have no registered complaints.

Current Mortgage Rates provided by AnchorBank:

*Rates accurate as of June 2010. Visit our mortgage center for updated rates, closing costs and points on all mortgage offers in your city.

- 30 year fixed rate mortgage with APR of 4.645% with 0.00% points and no fees. The current national average for 30 year fixed rate mortgages sits at roughly 4.80% APR (down from roughly 4.84% APR just one week ago).

- 15 year fixed rate mortgage with APR of 4.178% with 0.00% points and no fees. The current national average for 15 year fixed rate mortgages sits at roughly 4.16% APR (down from roughly 4.26% APR just one week ago).

You can also get personalized quotes from one of AnchorBank’s mortgage lenders in any of their 70 locations throughout the state of Wisconsin.

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