Ohio Banking Rates

Best Ohio New Home Mortgage Rates – October 27, 2010

Ohio mortgage rates have remained low due to economic pressures and high foreclosure rates. The Fed has kept rates suppressed in order to generate more housing sales. If you qualify for a new home loan, check out the best rates below.

Ohio Mortgage Loan Rate: $300,000

Stonegate Mortgage 30 Year fixed rate at 4.125% with an estimated monthly payment of $1,454
National Mortgage Alliance 15 Year fixed rate at 3.750% with an estimated monthly payment of $2,182
ING Direct 5/1 Year ARM rate at 3.125% with an estimated monthly payment of $1,285

Ohio Home Loan Rate: $400,000

National Mortgage Alliance 30 Year fixed rate at 4.25% with an estimated monthly payment of $1,968
Nationwide Bank 15 Year fixed rate at 3.375% with an estimated monthly payment of $2,835
ING Direct 7/1 Year ARM at 3.375% with an estimated monthly payment of $1,768

Ohio Home Mortgage Rate: $500,000

Quicken Loans 30 Year fixed rate at 4.25% with an estimated monthly payment of $2,460
Affiliated Financial Group 5/1 Year ARM at 3.0% with an estimated monthly payment of $2,108
ING Direct 7/1 Year ARM rate at 3.875% with an estimated monthly payment of $2,351

Mortgage rates accurate as of publishing date and based on a loan amount of $300,000, $400,000 and $500,000. Please see the financial institution about any changes and additional fees.