Miami Mortgage Rates Survey Week of December 26, 2011

Written by: Scott Sery

According to a recent Primerates.com survey of Miami mortgage rates offered by the largest area banks & credit unions in Miami, interest rates ranged from 3.88% at SunTrust Bank (www.suntrust.com) and Wells Fargo (www.wellsfargo.com) to 4.31% at Branch Banking and Trust (www.bbt.com) on 30-year fixed -rate conforming loans in the metro area for well-qualified borrowers.

When checking your credit report to make sure there has not been any fraudulent activity, the only website endorsed by the FTC is www.annualcreditreport.com.  When you go to this site you will be asked from which of the three reporting companies you want reports.  Experian, Transunion, and Equifax are the only companies endorsed to provide these reports.   Each person is entitled to one free report from each of the companies in a 12 month period.  Each report, regardless of which company provides it, should be substantially equal.  Instead of getting all three at once, spread them out and retrieve one every four months.  This will allow you to monitor your credit throughout the year instead of just once per year.  If you see anything that asks for credit card, or asks you to make a payment, stop and read the fine print.  While it costs money to retrieve your credit score, the report itself is free.

Top Miami Area Banks and Credit Unions

As of

30-year Fixed

15-year Fixed

5/1 ARM

SunTrust Bank

12/24/11

3.88%

3.25%

2.25%

Wells Fargo

12/23/11

3.88%

3.25%

2.63%

Regions Bank

12/26/11

3.99%

3.31%

2.96%

JP Morgan Chase

12/26/11

4.00%

3.25%

2.63%

Bank Of America

12/23/11

4.13%

3.38%

2.75%

Citibank

12/24/11

4.25%

3.50%

NA

HSBC Bank

12/23/11

4.25%

3.50%

3.13%

Branch Banking and Trust

12/26/11

4.31%

3.35%

NA

 

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.


LIKE US ON FACEBOOK   

Miami Mortgage Rates Survey Week of December 26,...

Share Tweet