Minneapolis' Best Mortgage Rates: Pay just 2.75% for a 5/1 ARM

Hand holding pen and signing mortgage

Here are my favorite deals on home loans in the Minneapolis area this summer, with the best combination of low mortgage rates and reasonable fees.

Indeed, you’ll pay no points and loan origination fees of less than $2,000 to land these great interest rates.

That’s exactly what anyone trying to buy or refinance a home should be looking for to keep their upfront costs down and monthly payments low.

Compare my picks with the best rates from scores of other banks and finance companies in our database.

It offers real-time, accurate data on loans in Minneapolis, elsewhere in Minnesota and throughout the country.

Then determine what the monthly payments will be for the home loan your considering with our fixed-rate home loan calculator or adjustable-rate calculator.

See if you can do better than these deals.

Minneapolis Mortgage Rates

Lender 30 year fixed 15 year fixed 5 year ARM
EverBank 4.375% 3.500% 2.75%
AimLoan.com 4.25% 3.50% 2.75%
The Money Store 4.375% 3.625% 2.875%
Fearon Financial 4.375% 3.375% 2.875%
U.S. Bank 4.625% 3.75% 3.00%

Remember that rates change daily.

These quotes are from the end of the business day on July 13, 2011, to borrow $210,000 for the purchase of a home with a 20% down payment.

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