If you happen to live in Ohio or even the greater Midwest, you have plenty of banks and credit unions ready and willing to provide you with some respectable mortgage rates. During this week’s survey of local banking institutions’ 30 year fixed rate mortgages in Ohio we found a few APR’s sitting below the 4.0% mark.
The lowest rate goes to Fifth Third Bank who’s featuring a 30 year fixed rate mortgage (from their Wilmington, Ohio branch) of just 3.87% assuming a down payment of 20%. If you’re thinking of refinancing your Ohio home, you can also lock in this low rate with Fifth Third Bank with zero origination fees and no points. You can read a review of Fifth Third Bank’s Mortgage services to get consumer feedback on their product(s).
Below are additional 30 year fixed rate mortgages in Ohio with sub 4.0% rates:
(Rates accurate as of December 2011. Visit our mortgage rate center for updated rates and loan specials in Ohio.)
1) State Bank and Trust Company (West Unity, OH) has a 30 year fixed rate mortgage comes with an interest rate of 3.875% assuming 20% down.
2) PNC Bank (Zanesville, OH) has a 30 year fixed rate mortgage comes with an interest rate of 3.875% assuming 20% down.
3) Fearon Financial “Smarter Mortgages” provides an APR of 3.991% on their 30 year fixed rate mortgages.
4) StoneGate Mortgage provides an APR of 3.957% on their 30 year fixed rate mortgages.
Today’s Mortgage Rate Averages
To put the offers above in perspective, average 30 year fixed rate mortgages sit at roughly 4.0% APR this week – down roughly 0.05% from last week.
The average 15 year fixed rate mortgage sits at roughly 3.35% APR this week – down 0.02-0.04% from last week.