Mortgage Rate Comparison Mortgage Rate comparison
Mortgage Rate Comparison
Rate Comparison 04-25-08



Bank of America
Chase
Countrywide
Mortgage Mentor
Wells Fargo
6.250
6.000
6.000
6.000
6.125

1.040
1.000
1.000
0.970
1.000

6.358
6.123
6.164
6.110
6.353
For: Fixed Rate, 80% LTV,  $340,000 Loan
Company      Rate      Point    APR
680 FICO was used to obtain rates.
866.204.9733
THE MORTGAGE MENTOR

Rate Comparison 06-13-09



Bank of America
Chase
Ditech
Mortgage Mentor
Wells Fargo
5.625
5.625
NA
5.250
5.625

0.875
1.125
NA
1.000
1.000

5.780
5.811
NA
5.578
5.824
For: Fixed Rate, 80% LTV,  $175,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
Ditech mortgage rates were not available on-line and when called refused to provide rates without first obtaining an application.
See Stealth Shopper for full story

Screen shots of on-line rates are available upon request.
The 0.375% rate difference between the Mortgage Mentor, a broker, and "Direct Lenders" was surprising.  That is a huge spread and caused me to double check all the quotes.   The mortgage rates are correct and can be supported with screen shots and rate sheets.   This is the largest rate spread I have seen and points out the advantage of a mortgage broker over a direct lender.
Disclosure:  The mortgage rates in the above surveys are true and documented but please note that the Bill Ladewig conducted the survey and is a competitor of the lenders surveyed.  The opinions expressed on this page belong to me and not to any other person or company.
Rate Comparison 07-18-09



Bank of America
Chase
Ditech (see note)
Mortgage Mentor
Wells Fargo
5.250
5.250
5.250
5.000
5.250

1.375
1.375
1.425
1.000
1.000

5.447
5.455
5.418
5.197
5.444
For: Fixed Rate, 80% LTV,  $175,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
Ditech: Rates are as of 07-16-09 and based on a $250,001 loan amount.
See Stealth Shopper for full story

All rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
The spread shrank a little from my last survey on June 13th but the 0.250% rate difference between Mortgage Mentor, a mortgage broker, and "Direct Lenders" was still huge.
Rate Comparison 08-14-09



Bank of America
Chase
Ditech (see note)
Mortgage Mentor
Wells Fargo
5.250
5.125
5.375
4.875
5.125

1.000
1.000
1.275
1.000
1.000

5.413
5.270
5.532
5.197
5.318
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Ditech: Rates are as of 08-13-09 and in the small print their rate is 5.50% and large print 5.375% for the same points and APR.  Today, being charitable, I went with their lower rate.
    All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Your Mortgage Mentor
California Home Loans Since 1970
Rate Comparison 09-01-09



Bank of America
Chase
Ditech
Mortgage Mentor
Wells Fargo
5.125
5.125
5.125
4.750
5.125

1.000
1.000
1.525
1.000
1.000

5.286
5.270
5.303
4.916
5.318
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Wells Fargo APR is based on a $175,000 loan amount
    All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.


Rate Comparison 09-07-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.000
5.000
5.125
4.875
5.250
5.125

1.125
1.375
1.525
1.000
0.750
1.000

5.172
5.178
5.303
5.045
5.375
5.318
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
    All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
     Ditech's rate is as of 09-01-09 and their APR is based on $240,000 Loan.  This rate is used because it is predominantly displayed on their site on the survey date and the loan amount and date are disclosed in tiny print far below their advertised rate.
   Quicken is new to the survey and only included because when I shopped them for 95% loans their representative tried to make a big deal of being a "Direct" lender while disparaging Brokers.


Rate Comparison 09-13-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.875
5.000
5.125
4.750
5.125
4.875

1.125
1.000
1.625
1.000
0.875
1.000

5.057
5.144
5.314
4.914
5.261
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Mortgage Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
    All rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
    Quicken rate was taken from Bankrate.com because their website only offered a 2 point rate of 4.625% on 09-13.
    It is interesting to note that Bank of America advertised 4.875% and 1.625 points on Bankrate.com while they advertised 4.875% and 1.125 on their site.
Will the real B of A please step forward.
Rate Comparison 09-23-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.125
5.125
5.125
4.750
4.990
5.000

1.125
1.000
1.400
1.125
1.875
1.000

5.298
5.270
5.291
4.921
5.215
5.191
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Mortgage Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
    All rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
     Quicken Loans advertised 4.990 and 1.875 points on Bankrate.com and 4.875% rate and 1.500 points on their own site.  Quicken is the only lender in the world, to my knowledge, that charges less points on a smaller rate.  Maybe they think Bankrate shoppers are not smart enough to check their website.
Rate Comparison 09-29-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.000
4.875
5.000
4.625
4.875
4.875

0.875
1.125
1.275
1.000
1.625
1.000

5.149
5.029
5.154
4.772
5.076
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Mortgage Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase price is for a 90 day lock as compared to 30 days for the other lenders.  To make their rate comparable their advertised points should be reduced by 0.50 pt reducing points to 0.625.
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
    All rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 10-04-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.125
4.875
4.625
4.500
5.000
4.875

1,125
1.000
1.400
1.125
0.875
1.000

5.298
5.018
4.786
4.670
5.135
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     This mortgage rate survey was gathered late Sunday night on 10/04/09  Because money markets are closed all the rates shown were last effective on Friday 10/02/09.   
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable their advertised points should be reduced by 0.50 pt reducing points to 0.500.
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
    All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 10-15-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.250
5.125
5.000
4.750
5.250
5.000

0.500
1.000
1.275
1.125
0.375
1.000

5.367
5.316
5.154
4.907
5.341
5.191
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable their advertised points should be reduced by 0.50 pt reducing points to 0.500.
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
NOTE: Mortgage Rates can vary by location, Compared Rates are from San Diego area.
Rate Comparison 10-21-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.125
5.125
5.000
4.750
5.250
5.000

1.375
1.125
1.275
1.250
0.500
1.000

5.321
5.281
5.154
4.918
5.353
5.191
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable their advertised points should be reduced by 0.50 pt reducing points to 0.625
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 11-02-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.000
5.000
5.000
4.750
5.125
4.875

1.000
1.500
1.400
1.000
1.000
1.000

5.132
5.189
5.165
4.901
5.272
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 1.000
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA advertises a 60 day lock.  Reduce their points to 0.75 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 11-09-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.875
5.000
5.000
4.750
4.875
5.000

1.000
1.000
1.275
0.875
1.625
1.000

5.014
5.144
5.154
4.889
5.076
5.191
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.500
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA advertises a 60 day lock.  Reduce their points to 0.75 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 11-19-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.875
4.875
4.750
4.625
4.875
4.875

1.125
1.125
1.400
0.875
1.000
1.000

5.037
5.029
4.912
4.763
5.020
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.625
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA advertises a 60 day lock.  Reduce their points to 0.875 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 11-27-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.750
4.750
4.750
4.375
4.875
4.750

1.375
1.000
1.650
1.250
0.750
1.000

4.943
4.892
4.935
4.538
4.997
4.939
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.500
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA advertises a 60 day lock.  Reduce their points to 1.250 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 12-11-09



Bank of America
Chase
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.000
5.000
5.125
4.625
5.125
4.875

0.875
1.125
2.150
1.125
0.875
1.000

5.133
5.155
5.360
4.783
5.261
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.625
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA advertises a 60 day lock.  Reduce their points to 1.250 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 01-04-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.125
5.125
5.375
5.375
4.875
5.250
5.250

1.250
1.250
0.125
1.400
1.125
1.125
1.000

5.320
5.293
5.320
5.544
5.036
5.410
5.444
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.75 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA advertises a 60 day lock.  Reduce their points to 1.00 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 01-21-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.000
4.875
5.250
5.125
4.750
5.125
5.125

0.875
1.500
0.250
1.275
1.125
1.000
1.000

5.182
5.063
5.373
5.280
5.904
5.272
5.318
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.75 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
  All mortgage rates were taken from lender web sites. Screen shots of on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 01-29-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.000
5.000
5.250
NA
4.750
5.125
5.000

1.000
1.000
0.250
NA
1.000
1.000
1.000

5.149
5.144
5.347
NA
4.876
5.261
5.191
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate on the Internet with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.50 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Ditech did not publish online rates on 01/29/10.
Comparison Mortgage Rates were obtained from lender web sites.   Rates and points shown are based on the lender's advertised rate on the Internet with Points closest to 1 point.
Screen shots of supporting on-line rates and wholesale rate sheets are available upon request.
Rate Comparison 02-12-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.875
5.125
5.000
4.875
4.750
5.125
4.875

1.250
1.125
0.625
1.775
1.000
0.750
1.000

5.080
5.367
5.282
5.072
4.876
5.249
5.065
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate on the Internet with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.625 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
  
Rate Comparison 02-24-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.875
5.000
5.000
4.875
4.750
5.125
5.000

1.125
1.375
0.875
1.900
0.875
0.250
1.000

5.083
5.178
5.328
5.084
4.864
5.182
5.191
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate on the Internet with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.625 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Citibank APR will be higher than other lenders because it is based on $100,000 Loan Amount instead of $250,000.
  
Rate Comparison 04-02-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.250
5.250
5.250
5.000
5.000
5.375
5.375

0.500
1.125
0.750
1.775
0.875
0.625
1.000

5.391
5.409
5.559
5.199
5.140
5.490
5.516
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
     Rates were shopped based on the lenders advertised rate on the Internet with Points closest to 1 point.
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.625 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Citibank APR will be higher than other lenders because it is based on $100,000 Loan Amount instead of $250,000.
  
Rate Comparison 04-14-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
5.125
5.125
5.125
4.875
4.750
5.250
5.125

1.000
1.000
0.875
1.525
0.971
0.500
1.000

5.286
5.272
5.455
5.050
4.982
5.353
5.318
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.500 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Citibank APR will be higher than other lenders because it is based on $100,000 Loan Amount instead of $250,000.
Rate Comparison 07-27-10



Bank of America
Chase
CitiBank
Ditech
Mortgage Mentor
Quicken Loans
Wells Fargo
4.875
4.625
4.875
4.500
4.250
4.625
4.500

0.750
1.375
0.500
1.400
0.375
0.500
1.000

5.003
4.800
5.099
4.722
4.356
4.713
4.686
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.875 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank advertise 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Citibank APR will be higher than other lenders because it is based on $100,000 Loan Amount instead of $250,000
    Mortgage Mentor APR here is based on a $250,000 loan and the Advertised APR (left) is based on $350,000..
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Article
Rate Comparison 07-31-13



Bank of America
Chase
CitiBank
Mortgage Mentor
Quicken Loans
Wells Fargo
4.750
4.500
4.625
4.375
4.500
4.500

0.153
1.000
0.625
1.175
1.500
1.000

4.875
4.585
4.765
4.526
4.703
4.656
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Chase rate is for a 90 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.50 pt reducing points to 0.875 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank require 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Citibank APR will be higher than other lenders because it is based on $100,000 Loan Amount instead of $250,000
    Mortgage Mentor APR here is based on a $250,000
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Rate Comparison 04-25-16



Bank of America
Chase
CitiBank
Mortgage Mentor
Quicken Loans
Wells Fargo
3.750
3.625
3.750
3.500
3.750
3.875

0.286
0.250
0.000
0.000
0.000
0.000

3.851
3.686
3.811
3.508
3.979
3.935
For: Fixed Rate, 80% LTV,  $250,000 Loan
Company      Rate      Point    APR
720 FICO was used to obtain rates.
Notes to Mortgage Rate Comparison:
    Chase rate is for a 60 day lock as compared to 30 days for myself and the other lenders.  To make their rate comparable, their advertised points should be reduced by 0.250 pt reducing points to 0.000 pts
    Wells Fargo APR is based on a $175,000 loan amount.  This will slightly raise their APR compared to the other lenders with APRs based on $250,000.
   BoA and Citibank require 60 day locks.  Reduce their points by 0.25 to make them comparable.
    Mortgage Mentor APR here is based on a $250,000