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(Best Syndication News) In this month’s survey, Union Bank had the lowest interest rates in the Los Angeles area. We only consider local lenders and try to leave out large banks with a national reach. Union Bank was offering a rate of 5.403 percent on a $300,001 loan. Back in July the rate was 6.029 percent.

Bank of America had a rate of 5.417 percent. Both loans were based on a 30 year fixed rate mortgage. These were purchase loans, not a refinance mortgage, so the rate for refinance will vary. The rate may also depend on your credit score, so these rates are not written in stone.

Buffalo New York

Astoria Federal S&LA had the lowest interest rate in Buffalo New York in this month’s survey. Remember, we are only considering local lenders and not loans provided by loan brokers.

Astoria had an APR of 5.133 percent with fees of $284. New York Community Bank came in second place with a rate of 5.268 percent with fees of $600.

Seattle Washington

With all of the mergers and takeovers, we are unable to provide local rates with every survey. In Seattle we found that Mortgage Capital Associates had a rate of 4.925 percent with fees of $950. Back in July Hart West Financial, Inc had a rate of 5.269 percent with fees of $650.

Dallas Texas

There does not seem to be as much competition in the Dallas market. We found ViewPoint Bank with a rate of 5.435 percent, but with $2,000 in fees. Back in July Omni American Bank had a rate of 5.655 percent with fees of $1000.

Miami Florida

The BankAtlantic edged out Third Federal S&LA this month again in our survey. There is a lot of competition in the Miami market.

Bank Atlantic had a rate of 5.103 percent with fees of $605. Third Federal S&LA had a rate of 5.127 percent with fees of $928. Other lenders to consider are: Interamerican Bank and BankUnited.

Chicago Illinois

First Savings Bank of Hegewisch had a rate of 5.010 percent and $325 in fees. Back in July they had a rate of 5.260 percent.

By: John Waters
Best Syndication Business Writer