LendingTree Weekly Mortgage Rate Pulse Announces Top Ten Lenders Based on Customer Reviews
LendingTree customers review and rate their lender experience, smaller online lenders top the list
CHARLOTTE, N.C., Nov. 30, 2011 /PRNewswire/ -- Average mortgage rates rose slightly week-over-week according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network. LendingTree also today announced the "Top Ten Lenders" on its network, based on customer reviews. These lenders have provided customers with exceptional customer service combined with the lowest mortgage rates available.
(Logo: http://photos.prnewswire.com/prnh/20110518/MM04455LOGO )
On November 29, average mortgage rates offered by LendingTree network lenders were 4.30 percent (4.58% APR) for 30-year fixed mortgages, 3.59 percent (4.03% APR) for 15-year fixed mortgages and 3.24 percent (3.51% APR) for 5/1 adjustable rate mortgages (ARM), showing little change from the previous week.
On the same day, the lowest mortgage rates offered by lenders on the LendingTree network remained flat week-over-week at 3.75 percent (3.88% APR) for a 30-year fixed mortgage, 3.00 percent (3.23% APR) for a 15-year fixed mortgage and 2.50 percent (3.03% APR) for a 5/1 ARM.
Top Ten LendingTree Network Lenders
(Based on Q3 LendingTree Customer Ratings and reviews)
- Great Western Financial Services, Inc.
- LSI Mortgage Plus
- Affinity Mortgage, LLC
- HomePlus Mortgage
- Royal United Mortgage
- First Preferred Mortgage
- FirstSouth Mortgage, LLC
- Community Home Lending
- Southwest Direct Mortgage
- Fairway Independent Mortgage Corporation
"With 377 lenders on the LendingTree network, these top-rated lenders best exemplify diligence and excellent customer service," says Mark Fowler, senior vice president at LendingTree. "At LendingTree, we strive to act as a consumer advocate and serve as a partner for borrowers in the loan process. LendingTree is privileged to have an unparalleled network of lenders to help us achieve this goal."
Below is a snapshot of the lowest mortgage rates for a 30-year fixed loan offered by lenders on the LendingTree network, as well as average loan-to-value ratios and negative equity by state.
| STATE-BY-STATE MORTGAGE DATA 11/30/11
*Updated Quarterly
|
|||
| STATE |
LOWEST MORTGAGE RATE |
LOAN-TO-VALUE RATIO* |
NEGATIVE EQUITY* |
| US Average |
3.75% (3.88% APR) - |
69.8% |
33.5% |
| Alabama |
3.75% (3.88% APR) - |
68.0% |
29.5% |
| Alaska |
3.75% (3.88% APR) - |
65.8% |
19.5% |
| Arizona |
3.75% (3.88% APR) - |
93.1% |
38.9% |
| Arkansas |
3.75% (3.86% APR) - |
72.3% |
43.0% |
| California |
3.75% (3.88% APR) - |
70.0% |
34.4% |
| Colorado |
3.75% (3.88% APR) - |
72.3% |
22.9% |
| Connecticut |
3.75% (3.85% APR) - |
60.2% |
43.4% |
| Delaware |
3.75% (3.85% APR) - |
67.3% |
38.8% |
| District of Columbia |
3.75% (3.88% APR) - |
58.6% |
26.8% |
| Florida |
3.63% (3.73% APR) - |
87.8% |
38.9% |
| Georgia |
3.75% (3.88% APR) - |
80.9% |
26.5% |
| Hawaii |
3.75% (3.88% APR) - |
53.9% |
27.0% |
| Idaho |
3.75% (3.88% APR) - |
71.7% |
30.3% |
| Illinois |
3.75% (3.86% APR) - |
72.4% |
32.3% |
| Indiana |
3.75% (3.93% APR) - |
69.4% |
28.4% |
| Iowa |
3.75% (3.88% APR) - |
67.3% |
44.2% |
| Kansas |
3.75% (3.88% APR) - |
70.3% |
32.2% |
| Kentucky |
3.75% (3.89% APR) |
67.9% |
52.7% |
| Louisiana |
3.75% (3.88% APR) - |
75.2% |
82.4% |
| Maine |
3.75% (3.86% APR) - |
58.3% |
30.7% |
| Maryland |
3.75% (3.88% APR) - |
70.3% |
25.9% |
| Massachusetts |
3.75% (3.86% APR) - |
61.9% |
47.0% |
| Michigan |
3.75% (3.88% APR) - |
84.0% |
33.4% |
| Minnesota |
3.75% (3.85% APR) - |
66.8% |
22.7% |
| Mississippi |
3.75% (3.87% APR) - |
78.2% |
29.2% |
| Missouri |
3.75% (3.88% APR) - |
71.9% |
32.4% |
| Montana |
3.75% (3.88% APR) - |
60.3% |
33.9% |
| Nebraska |
3.75% (3.88% APR) - |
73.4% |
44.7% |
| Nevada |
3.63% (3.75% APR) - |
112.7% |
53.7% |
| New Hampshire |
3.88% (3.99% APR) - |
70.3% |
26.2% |
| New Jersey |
3.75% (3.87% APR) - |
62.8% |
29.9% |
| New Mexico |
3.75% (3.88% APR) - |
67.9% |
45.9% |
| New York |
3.75% (3.85% APR) - |
48.7% |
36.0% |
| North Carolina |
3.75% (4.88% APR) - |
71.6% |
32.4% |
| North Dakota |
3.75% (3.88% APR) - |
61.1% |
36.3% |
| Ohio |
3.75% (3.86% APR) - |
75.8% |
27.5% |
| Oklahoma |
3.75% (3.86% APR) - |
71.8% |
50.6% |
| Oregon |
3.75% (3.88% APR) - |
69.8% |
19.9% |
| Pennsylvania |
3.75% (3.84% APR) - |
61.1% |
42.0% |
| Rhode Island |
3.75% (3.87% APR) - |
63.7% |
38.7% |
| South Carolina |
3.75% (3.86% APR) - |
71.5% |
28.9% |
| South Dakota |
3.75% (3.86% APR) - |
N/A |
N/A |
| Tennessee |
3.75% (3.89% APR) - |
71.6% |
29.9% |
| Texas |
3.75% (3.88% APR) - |
68.1% |
31.6% |
| Utah |
3.75% (3.88% APR) - |
72.9% |
22.8% |
| Vermont |
3.75% (3.88% APR) - |
N/A |
N/A |
| Virginia |
3.75% (3.85% APR) - |
71.7% |
25.1% |
| Washington |
3.75% (3.88% APR) - |
68.3% |
21.7% |
| West Virginia |
3.75% (3.85% APR) - |
66.8% |
50.6% |
| Wisconsin |
3.75% (3.85% APR) - |
69.1% |
36.0% |
| Wyoming |
3.75% (3.88% APR) - |
63.1% |
24.2% |
For more information on current mortgage rates or for state specific mortgage rates, please visit http://www.lendingtree.com/mortgage-loans/rates/.
The LendingTree Weekly Mortgage Rate Pulse is published every Tuesday moving forward. Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower's loan details and credit profile. Visit www.lendingtree.com to learn more.
About LendingTree, LLC
LendingTree, LLC is the nation's leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join our Facebook page and/or follow us on Twitter @LendingTree.
MEDIA CONTACT:
Megan Greuling
(704)943-8208
[email protected]
SOURCE LendingTree
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article