On a similar note...
On a similar note...
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The NerdWallet Mortgage Rate Index is based on a sampling of daily mortgage rates from national mortgage lenders for the following consumer profile*:
Location: Schaumburg, Ill (ZIP: 60173)
Why: We identified a suburban location near a major metro area and a suburban location where the median sales price of the closest metro aligns with the national median sales price.
Property value: $250,000
Down payment: When required, we assumed a 20% down payment.
Credit: We go with the highest band, if asked.
The lenders included in the sampling are:
Bank of America, NA NMLS ID# 399802
JP Morgan Chase Bank, NA NMLS ID# 399798
Citibank Mortgage, NA NMLS ID# 412915
Flagstar Bank, FSB NMLS ID# 417490
Guaranteed Rate, Inc. NMLS ID# 2611
loanDepot, LLC NMLS ID# 174457
Navy Federal Credit Union, NMLS ID# 399807
PennyMac Loan Services, LLC NMLS ID# 35953
PNC Bank, NA NMLS ID# 446303
Provident Funding Associates, LP NMLS ID# 3821
Quicken Loans, Inc. NMLS ID# 3030
SunTrust Mortgage, Inc. NMLS ID# 2915
U.S. Bank, NA NMLS ID# 402761
Wells Fargo, NA NMLS ID# 399801
*In certain cases, rates collected are an average of rates and not specific to the profile above.
NerdWallet Compare, Inc. NMLS ID# 1617539
NMLS Consumer Access Licenses and Disclosures
California: California Finance Lender loans arranged pursuant to Department of Business Oversight Finance Lenders License #60DBO-74812.
NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are subject to change. These rates do not include taxes, fees and insurance. Your actual rate and loan terms will be determined by the lender’s assessment of your creditworthiness and other factors.