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Bank of America, SunTrust, and US Bank Mortgage Rates on Thurs, June 2

Economy

Bank of America, SunTrust, and US Bank Mortgage Rates on Thurs, June 2

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Mortgage rates rose slightly on Thursday, despite improvements in the bond markets. The average quoted rate for the benchmark 30-year mortgage today is 3.750%, although some lenders are still quoting 3.625% interest rates.

Bank of America Mortgage Rates

In line with most lenders, Bank of America quotes the conventional 30-year fixed mortgage today with an interest rate of 3.750% and a 3.889% APR. The shorter-term 15-year fixed home loan is published at 3.000% on Thursday with an APR of 3.236%. Buyers can lock into a 5/1 adjustable rate mortgage with the same 3.000% interest rate to start. A 7/1 ARM is quoted at a higher 3.125% starting APR.

Homeowners interested in refinancing will find rates have moved higher this week. The best rate for a 30-year refi loan is 4.000% with a 4.167% APR. The more popular 15-year refi mortgage is published with a 3.125% interest rate and an APR of 3.405%. The rate for a 5/1 refinance ARM is lower than the purchase rate today at 2.875% to start.

SunTrust Mortgage Rates

SunTrust offers the benchmark 30-year fixed home loan today with a 3.750% interest rate and a 3.834%. The 15-year fixed loan is quoted at a lower 3.100% interest rate on Thursday with an APR of 3.223%. For greater flexibility and a lower mortgage payment, home buyers can lock into a 5/1 adjustable rate mortgage with a 3.300% interest rate to start or a 7/1 ARM at 3.490%.

SunTrust offers a 30-year jumbo mortgage with a 4.125% interest rate today, significantly higher than the rate for a conforming loan. A 30-year FHA loan is quoted at 3.500% today with a 4.600% APR while the VA mortgage is published at the same 3.500% interest rate with an APR of 3.720%.

US Bank Mortgage Interest Rates

US Bank has updated its mortgage rates for Thursday. As with most lenders, the 30-year conforming mortgage is today quoted at 3.750% with an APR of 3.821%. A 15-year fixed mortgage is available at US Bank with an interest rate of 3.125% and a 3.249% APR. US Bank quotes the popular 5-year adjustable rate loan with a 2.750% interest rate to start.

The 30-year fixed FHA loan is offered with a 3.500% interest rate and an APR of 4.555%. Qualified buyers can lock into a 30-year VA loan today at 3.625% and a 3.960% APR. The 30-year fixed jumbo loan is offered at 3.875% on Thursday with an APR of 3.896%.

US Bank does not include discount points in its mortgage quotes. Borrowers can secure a lower interest rate by purchasing discount points at closing.

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.

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