Mortgage rates from Interbank back to last fall's low

Gold house on top of arrayed dollar bills

Last fall’s record low interest rates are back -- at least for customers of Interbank Mortgage Co.

The broker based in Northbrook, Ill., is charging only 4.375% for a 30-year, fixed-rate home loan with no points and $998 in lender fees.

That’s the same deal Interbank was offering in November 2010 when mortgage rates reached all-time lows.

But since then, Interbank has grown to write loans in California and Minnesota as well as Illinois, Indiana, Texas and Wisconsin.

This interest rate is more than quarter of a point lower than the national average of 4.68% for 30-year mortgages.

The principal and interest payment would be $499 a month for every $100,000 borrowed.

You can use our mortgage calculator to determine the monthly payments for the amount you want to borrow with this or any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe if you want to pay off the loan.

To qualify for this loan from Interbank Mortgage (www.interbanklending.com), you'll need a credit score of at least 720 and need to borrow no more than $417,000.

You’ll also need to make a down payment of at least 20%, and be willing to pay taxes and insurance premiums into an escrow account. This loan comes with a 45-day lock.

Click here to compare this deal with the best rates from scores of other lenders in your area.

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