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powered by Bankrate.com  October 19, 2002
Mortgages
Step by step
Mortgage rates
Types
Refinance
Home Equity
Average mortgage rates and points in the top 10 markets
Fixed 15-yearFixed 30-year1-year ARM
MarketRatePointsRatePointsRatePoints
New York 5.78 0.01 6.32 0.00 4.90 0.17
Los Angeles 5.51 0.91 6.13 0.92 4.46 0.50
Chicago 5.78 0.10 6.38 0.14 4.71 0.10
San Francisco 5.63 0.54 6.26 0.51 4.66 0.00
Philadelphia 5.57 0.17 6.19 0.09 4.57 0.63
Detroit 5.76 0.51 6.18 0.51 4.43 1.00
Boston 5.57 0.75 6.21 0.50 4.56 0.38
Houston 5.68 0.72 6.28 0.77 4.60 0.50
Dallas 5.47 0.75 6.11 0.70 4.32 0.81
Washington 5.60 0.52 6.21 0.49 3.92 0.75
Brm National Index 5.63 0.50 6.23 0.46 4.52 0.46
Average mortgage rates and points as of survey date 10/16/2002. This data comes from the Wednesday survey of the largest institutions in the country.
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For more information on Bankrate.com averages, click here.
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* Mortgage rate may include points. See rate tables for details. Click here.