Mortgage Interest Rates On The Rise In California New York Florida Texas Illinois and Washington â€" 30 Year Fixed Purchase Loans

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(Best Syndication) According to our informal study of involvement rates around the country, it looks that rates are on the rise. On December 4th we estimated the last charge per unit in Los Angeles to be 5.750 percent. The fees involved in this loan were $350. For comparison, we utilize the (APR) rates with the last fees.

On Thursday we looked for the last charge per unit again. In Los Angeles, the last charge per unit we establish was 5.891 percentage with fees of $525. These are for new mortgages based on the last fees on loans from $300,001 to $417,000. Refinance rates may change and obviously the charge per unit you happen may be different.

On December 4th, the last rates for American Bison New House Of York and Seattle American Capital were 5.750 with $350 in fees. On Thursday, the charge per unit in Buffalo, the charge per unit was 6.274 with $750 in fees. Seattle saw rates of 5.896 with fees of $695. All of the loans were for 30 twelvemonth footing with a fixed involvement rate.

We calculated the charge per unit for Dallas to be 5.75 percentage with fees of $350 dorsum on December 4th. This hebdomad we establish rates of 6.030 with fees of $966. In Miami on December 4th you could happen a loan at 5.625 percentage with fees of $350. Now we see rates of 5.766 percentage and fees of $525.

Last on our informal listing is Chicago. On December 4th the rates were around 5.625 percentage with fees of $289. Now we find local rates to be approximately 6.030 percentage with fees of $966.

In calculating rates this hebdomad we changed our methods. In order to supply a more than local mental representation of the rates, we dropped the national loaners from the calculation. If we had used the same method, the rates would have got been closer to 6.513 with fees of $410 all around the country. As you can see, the rates would have got still moved upward using the old criteria.

We are only on our 3rd loop of determining these rates and would wish supply more than regional data.

Mortgage Rates in 6 Areas Of The United States
December 20th 2007
30 Year Fixed (APR) Rate New Home Purchase Mortgage

City

Interest Rate *

Fees

Points

Los Angeles CA

5.891

$525

0

Buffalo New York

6.274

$750

0

Seattle Washington

5.896

$695

0

Dallas Texas

6.030

$966

0

Miami Florida

5.766

$525

0

Chicago Illinois

6.030

$966

0

* (APR) Interest Rate Based On Last Fees For Loans Between $300,001 To $417,000 excluding national loaners - Beginning Interest.com

By Dan Wilson
Best Syndication news Writer

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