Philadelphia Mortgage Rates

 In finding the best Philadelphia mortgage rates a person would have to include the local financial establishments and the nationwide ones.

On a thirty 30 fixed mortgage rate the lowest rate in the Philadelphia area is from Bank of America.
The current interest rate is at 4.875 with an APY of 5.088. The standard fees are $1,400 and you must give them 2 points to receive a monthly payment of $1,852 with 20% down and a credit score above 700 by the borrower. This rate was posted by the bank on 10/5/09.

Beneficial Bank has the second lowest rate on a30 year fixed mortgage at 5.00% interest and an APY of 5.013. The standard fees from the bank are $500 and there are no points. The monthly payment would be $1879 with 20% down and a credit score above 700 by the borrower. This rate was posted by this bank on 9/30/09.

If a 15 year fixed rate is more to your liking, then TD Bank NA has a rate of 4.25% and an APY of 4.268. The bank fees are set at $425 with no points and monthly payment of $2,633 with 20% down and a credit score above 700 by the borrower. This rate was posted on 9/30/09.

For a 3/1 ARM interest only mortgage with 20% down, Bank of America has a rate of 4.25% interest and an APY of 3.827%. The bank fees are at $1,400 and you must give 1.875 points. The caps 1^st/ add/ life are at 2.00/2.00/6.00. The monthly payment is at $1,240 and the rate was posted on 10/5/09.

The best rate for a 5/1 year ARM with 20% down is from TD Bank, NA at 3.74% interest and an APY of 3.568. There are no points and the caps 1^st/ add/ life are at 2.00/2.00/5.00. The monthly payment is $1,619. This was posted on 9/30/09.

Finding the best Philadelphia mortgage rates are available at the banks above but are subject to change without notice.