According to a recent Primerates.com survey of Los Angeles mortgage rates offered by the largest area banks & credit unions, most institutions offered rates of around 4%. Wells Fargo (www.wellsfargo.com) offered the lowest rates on 30-year fixed -rate conforming loans in the LA metro area for well-qualified borrowers with 3.88%. Citibank (www.citibank.com) and Cathay Bank (www.cathaybank.com) both offered rates of 4.25%.
One of the biggest uncertainties when it comes to applying for a mortgage is the mysterious FICA credit report. Most people have never checked their credit on their own, and they have no idea what it contains While there is often no need to worry about a credit report, CBS news reports as many as 80% of the reports generated contain errors. While most of the errors were not serious, simple spelling errors in names and addresses, some were serious enough to deny the individual credit. It is necessary to allow adequate time to correct these reports, and until the errors are removed, a person’s credit can be negatively affected. When each individual stays up to date on their own credit and what is happening with it, they do their part to help prevent identity theft on behalf of everyone. Check your own credit report here.
|
Top LA Area Banks and Credit Unions |
As of |
30-year Fixed |
15-year Fixed |
5/1 ARM |
| Wells Fargo |
12/24/11 |
3.88% |
3.25% |
2.25% |
| JP Morgan Chase |
12/24/11 |
4.00% |
3.25% |
2.63% |
| Comerica |
12/23/11 |
4.06% |
3.38% |
2.58% |
| Bank of America |
12/23/11 |
4.13% |
3.38% |
2.75% |
| Onewest Bank |
12/24/11 |
4.13% |
3.63% |
3.25% |
| US Bank National |
12/23/11 |
4.13% |
3.80% |
2.63% |
| Bank of the West |
12/24/11 |
4.13% |
3.50% |
3.13% |
| Citibank |
12/24/11 |
4.25% |
3.50% |
NA |
| Cathay Bank |
12/23/11 |
4.25% |
3.50% |
2.38% |
| Union Bank |
12/24/11 |
NA |
4.13% |
3.50% |
Listed rates from banks, thrifts and credit union were listed on their websites on the date indicated for conforming loans with 0 points. Data is believed accurate at time of collection, can change without notice, and will vary based on an individual’s credit history. Contact a specific institution for current rates.
According to a recent Primerates.com survey of Los Angeles mortgage rates offered by the largest area banks & credit unions, most institutions offered rates of around 4%. Wells Fargo (www.wellsfargo.com) offered the lowest rates on 30-year fixed -rate conforming loans in the LA metro area for well-qualified borrowers with 3.88%. Citibank (www.citibank.com) and Cathay Bank (www.cathaybank.com) both offered rates of 4.25%.
One of the biggest uncertainties when it comes to applying for a mortgage is the mysterious FICA credit report. Most people have never checked their credit on their own, and they have no idea what it contains While there is often no need to worry about a credit report, CBS news reports as many as 80% of the reports generated contain errors. While most of the errors were not serious, simple spelling errors in names and addresses, some were serious enough to deny the individual credit. It is necessary to allow adequate time to correct these reports, and until the errors are removed, a person’s credit can be negatively affected. When each individual stays up to date on their own credit and what is happening with it, they do their part to help prevent identity theft on behalf of everyone. Check your own credit report here.
|
Top LA Area Banks and Credit Unions |
As of |
30-year Fixed |
15-year Fixed |
5/1 ARM |
| Wells Fargo |
12/24/11 |
3.88% |
3.25% |
2.25% |
| JP Morgan Chase |
12/24/11 |
4.00% |
3.25% |
2.63% |
| Comerica |
12/23/11 |
4.06% |
3.38% |
2.58% |
| Bank of America |
12/23/11 |
4.13% |
3.38% |
2.75% |
| Onewest Bank |
12/24/11 |
4.13% |
3.63% |
3.25% |
| US Bank National |
12/23/11 |
4.13% |
3.80% |
2.63% |
| Bank of the West |
12/24/11 |
4.13% |
3.50% |
3.13% |
| Citibank |
12/24/11 |
4.25% |
3.50% |
NA |
| Cathay Bank |
12/23/11 |
4.25% |
3.50% |
2.38% |
| Union Bank |
12/24/11 |
NA |
4.13% |
3.50% |
Listed rates from banks, thrifts and credit union were listed on their websites on the date indicated for conforming loans with 0 points. Data is believed accurate at time of collection, can change without notice, and will vary based on an individual’s credit history. Contact a specific institution for current rates.
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