Mortgage rates remained unchanged today, despite potential volatility surrounding the Federal Reserve’s rate announcement. Many lenders have revised rates lower during the afternoon to bring them in line with yesterday morning’s rates. The best execution rate on Wednesday is 3.500% for the benchmark 30-year fixed mortgage and 3.00% for a 15-year fixed loan.
Bank of America Mortgage Rates
Bank of America is still quoting higher rates on Wednesday. A 30-year fixed mortgage is published at 3.625% today with an APR of 3.758%. The 20-year fixed home loan is quoted with a lower 3.375% interest rate and a 3.543% APR. Home buyers can lock into a 15-year fixed mortgage with a competitive 2.875% interest rate and an APR of 3.167%.
Buyers interested in the lowest possible mortgage payment can secure a 5/1 ARM with a starting interest rate of 2.500% or a 7/1 adjustable rate loan starting at 2.750%.
Homeowners interested in refinancing can lock into a new 30-year fixed refi loan at 3.625%, the same as the purchase rate, with a 3.824% APR. The more popular 15-year fixed refinance loan is quoted at 2.875% today with a 3.205% APR.
Today’s Capital One Mortgage Rates
The best rate for the standard 30-year fixed home loan at Capital One today is 3.500% with an APR of 3.559%. Capital One advertises a 15-year fixed mortgage at 2.875% with a 2.997% APR. Home buyers can lock into a 5/1 ARM at 2.750% to start or a 7/1 adjustable rate mortgage with a starting interest rate of 3.000%.
Capital One offers jumbo mortgages up to $2.5 million for well-qualified borrowers. A 30-year jumbo mortgage is published at 3.250%, lower than the conforming rate, with a 3.293% APR. A 15-year jumbo loan is advertised with a 2.875% interest rate and a 2.917% APR. A 5/1 jumbo ARM is quoted at 2.500% to start.
Mortgage Rates at SunTrust
SunTrust advertises the popular 30-year fixed mortgage with a 3.625% interest rate on Wednesday and a 3.697% APR with no origination fee. A 15-year conforming mortgage is published at 2.900% with a 3.045% APR. A 30-year jumbo mortgage is quoted at 3.800% with a 3.847% APR. Home buyers can lock into a 30-year FHA mortgage with a 3.400% interest rate and a 4.484% APR, while the 30-year VA loan is quoted at the same 3.400% interest rate and a lower 3.600% APR. A 15-year VA mortgage is published at 3.000% on Wednesday with a 3.267% APR.
SunTrust also offers adjustable rate mortgages with no origination fees. A 5/1 ARM has a starting interest rate of 2.99% today while the 7/1 ARM starts at 3.200%.
The interest rates mentioned within the article are subjected to change without any guarantee and are up-to-date at the time of publishing of the article. For the latest interest rates, make sure to check the current values.