East West Bank Mortgage Rates, Fees & Info
Pasadena, CALEI: F28JOQ8OBWCFUYM0UX93
Tax ID: 95-2795851
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Mortgage Data
Review & Overview
East West Bank is a mid-sized bank specializing in Home Purchase loans. East West Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, San Francisco, Riverside, and Las Vegas among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)East West Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. East West Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.98% | 12/17/24 |
| 30 Year Conventional Purchase | 6.50% | 12/17/24 |
| 30 Year Conventional Refi | 6.84% | 12/17/24 |
| 30 Year Cash-out Refi | 7.00% | 12/17/24 |
| 15 Year Conventional Purchase | 6.48% | 12/17/24 |
| 15 Year Conventional Refi | 6.56% | 12/17/24 |
| 15 Year Cash-out Refi | 6.56% | 12/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
East West Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,118Origination Dollar Volume (All Markets)
$3,601,280,000Awards
East West Bank - 2023
East West Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
East West Bank's average 30 year fixed mortgage rate was
6.76%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
East West Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,444.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,467 | $1,212,275,000 | $826,363 | $7,725 | 7.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,626 | $753,290,000 | $463,278 | $8,009 | 6.76% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 419 | $286,895,000 | $684,714 | $6,006 | 7.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 504 | $221,460,000 | $439,405 | $5,701 | 6.66% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 521 | $157,105,000 | $301,545 | $3,867 | 5.74% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 246 | $148,190,000 | $602,398 | $5,445 | 6.87% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 228 | $133,770,000 | $586,711 | $5,863 | 6.91% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 126 | $115,690,000 | $918,175 | $6,790 | 7.30% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 377 | $114,585,000 | $303,939 | $4,624 | 6.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 280 | $102,950,000 | $367,679 | $4,491 | 6.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 89 | $64,215,000 | $721,517 | $5,963 | 6.78% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $43,005,000 | $43,005,000 | $0 | 7.83% |
| RENO, NV (FHA|USDA|VA) | 2 | $33,260,000 | $16,630,000 | $0 | 6.66% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 86 | $32,060,000 | $372,791 | $4,219 | 5.73% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $32,005,000 | $32,005,000 | $0 | 6.72% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $30,005,000 | $30,005,000 | $0 | 6.90% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $27,730,000 | $13,865,000 | $4,978 | 6.30% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 78 | $20,630,000 | $264,487 | $5,103 | 6.14% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $13,205,000 | $13,205,000 | $0 | 7.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $13,130,000 | $3,282,500 | $0 | 7.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $12,860,000 | $6,430,000 | $0 | 6.95% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 8.09% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 11 | $5,115,000 | $465,000 | $7,064 | 6.82% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $4,635,000 | $515,000 | $9,236 | 6.46% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $3,205,000 | $3,205,000 | $0 | 6.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 9 | $2,255,000 | $250,556 | $5,456 | 6.36% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $20,656 | 6.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $7,312 | 6.33% |
| Jefferson, GA (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $5,430 | 6.44% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 6.75% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 6.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 6.30% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,881 | 6.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,644 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 9.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against East West Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 5,174 | $3,190,200,000 | $616,583 | $6,418 | 6.41% |
| HELOC | 944 | $411,080,000 | $435,466 | n/a | 8.41% |
For 2023, East West Bank's most frequently originated type of loan was Conventional, with 5,174 originations. Their 2nd most popular type was HELOC, with 944 originations.
Loan Reason
For 2023, East West Bank's most frequently cited loan purpose was Home Purchase, with 4,844 originations. The 2nd most popular reason was Other, with 413 originations.
Loan Duration/Length
For 2023, East West Bank's most frequently cited loan duration was 30 Year, with 5,612 originations. The 2nd most popular length was 15 Year, with 294 originations.
Origination Fees/Closing Costs
East West Bank's average total fees were $6,444, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,271 originations.
Interest Rates
During 2023, East West Bank's average interest rate for loans was 6.76%, while their most frequently originated rate bucket for loans was 6-7%, with 3,489 originations.
Loan Sizing
2023 saw East West Bank place emphasis on $200k-400k loans with 2,177 originations, totaling $656,285,000 in origination value.
Applicant Income
East West Bank lent most frequently to those with incomes in the $50k-75k range, with 460 originations. The second most popular income band? $75k-100k, with 315 originations.
Applicant Debt to Income Ratio
East West Bank lent most frequently to those with DTI ratios of 50-60%, with 402 originations. The next most common DTI ratio? 30-36%, with 77 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.97%
East West Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.65%
East West Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,118 | $3,601,280,000 | $588,637 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,118 | $3,601,280,000 | $588,637 |