Nationwide Bank Mortgage Rates and Review

August 24, 2010 No Comments »

Nationwide Bank is currently offering some enticingly low mortgage rates for both fixed rate and adjustable rate mortgages. Lately they have been advertising mortgage rates for home purchases as well as refinancing an existing mortgage with APR’s under the current national average.

Over the last 80 years, Nationwide has grown from a small mutual auto insurer owned by policyholders to one of the largest insurance and financial services companies in the world. As of this year they control nearly $135 in assets.

Current Mortgage Rates offered through Nationwide Bank:

(rates accurate as of 8/24/2010)

Fixed Rate Mortgages:

- 30 year fixed rate mortgage advertised with an interest rate of 4.25% and an APR of 4.404% with 1 point. The current national average for 30 year fixed rate mortgages sits at roughly 4.53%.

- 15 year fixed rate mortgage advertised with an interest rate of 3.625% and an APR of 3.893% with 1 point. The current national average for 30 year fixed rate mortgages sits at roughly 3.96%.

Adjustable Rate Mortgages:

- 3/1 LIBOR ARM with an advertised interest rate of 3.25% and an APR of 3.287% with 0.875 points.

- 5/1 LIBOR ARM with an advertised interest rate of 4.00% and an APR of 3.54% with 0.50 points.

Mortgage Refinancing Rates:

Conforming Loans:

- 30 year fixed rate mortgage advertised with an interest rate of 4.25% and an APR of 4.404% with 1 point.

- 15 year fixed rate mortgage advertised with an interest rate of 3.625% and an APR of 3.893% with 1 point.

Non-Conforming (Jumbo Mortgage) Loans:

- 30 year fixed rate mortgage advertised with an interest rate of 4.50% and an APR of 4.604% with 1 point.

- 15 year fixed rate mortgage advertised with an interest rate of 4.25% and an APR of 4.525% with 1.625 points.

NewAlliance Bank mortgage rates are offered with competitive APR’s and terms (based in Connecticut).

BECU’s (Boeing Employees Credit Union) mortgage rates are offered in some select states and come with competitive APR’s.

Fifth Third Bank mortgage rates are offered in the mid-west and come with competitive interest rates.

Related Posts