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Main story: Economic forces favoring home buyers Story
PLUS: Graph the two-month trend
Average mortgage rates and points in the top 10 markets
Market 15-Yr Rate 15-Yr Points 30-Yr Rate 30-Yr Points 1-Yr ARM Rate 1-Yr ARM Points
New York
7.67 0.20 8.01 0.24 7.74 0.00
Los Angeles
7.38 1.16 7.74 1.11 7.24 0.71
Chicago
7.63 0.22 7.93 0.24 7.43 0.27
San Francisco
7.45 1.05 7.85 1.03 7.40 0.63
Philadelphia
7.63 0.20 8.92 0.20 7.31 0.45
Detroit
7.37 0.99 7.72 1.00 7.09 0.95
Boston
7.58 1.10 7.78 1.35 6.84 1.17
Houston
7.50 .85 7.87 .80 7.56 0.72
Dallas
7.42 .81 7.76 .79 7.48 0.70
Washington, DC
7.26 1.21 7.61

1.30

6.75 1.17
National Average
7.49 0.78 7.82 0.81 7.29 0.68
 
           
Average mortgage rates and points as of survey date 10/18/00. This data comes from the Wednesday survey of the largest institutions in the country. For more information on Bankrate.com averages, click here.
      

--Posted: Oct. 18, 2000
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