Mortgage rates have remained fairly flat this week, falling slightly lower to stay in line near the lowest levels in more than three years. Some lenders are quoting the benchmark 30-year fixed mortgage at 3.5%, but the prevailing rate is 3.625% for the most well-qualified buyers. Last week, the prevalent rate was 3.75% before the jobs report sent rates lower.
Wells Fargo Mortgage Rates
The best rate for the standard 30-year fixed mortgage at Wells Fargo today is 3.750%, higher than the prevailing rate. The shorter-term 15-year fixed home loan is quoted at 3.375% with an APR of 3.087%. Buyers can lock into a 5/1 ARM with a starting interest rate of 3.000% or a 7/1 adjustable rate mortgage at 3.250%.
Jumbo loans are offered at rates lower those for conforming home loans. A 30-year fixed jumbo mortgage is published with a 3.500% interest rate and an APR of 3.506%. Home buyers can lock into a 15-year fixed jumbo loan at 3.375% with a 3.386% APR. The 7/1 jumbo ARM is quoted with a starting interest rate of 2.875%.
Refinance rates are slightly higher than purchase rates this week. A 30-year fixed refi mortgage is quoted at 3.875% at Wells Fargo with a 3.901% APR. The more popular 15-year fixed refi loan is offered with a 3.125% interest rate and an APR of 3.171%. A 15-year jumbo refinance loan is available with a 3.625% interest rate and a 3.635% APR.
Wednesday’s Rates at SunTrust
SunTrust advertises the benchmark 30-year fixed loan at 3.700% on Wednesday with a 3.7760% APR. The popular 15-year fixed mortgage is quoted at a much lower 2.99% with a 3.135% APR. Home buyers can lock into a 5/1 ARM today at 3.200% to start or a 7/1 adjustable rate loan with a starting interest rate of 3.375%. SunTrust advertises a 30-year fixed jumbo mortgage at 3.900% on Wednesday with a 3.967% APR.
SunTrust also offers government-backed loans. The popular 30-year FHA mortgage is published with a 3.500% interest rate and a 4.577% APR. A 30-year fixed VA mortgage is quoted at 3.500% today with an APR of 3.7000%. The 15-year fixed VA loan is available with a 3.125% interest rate and a 3.364% APR.
Mortgage Rates at Capital One
The best rate for the standard 30-year fixed mortgage at Capital One today is 3.500% with a 3.569% APR. Qualified borrowers can lock into a 15-year fixed mortgage at 2.875% with a 3.015% APR. The 5/1 ARM starts at 2.750% while the 7/1 ARM is quoted with a starting interest rate of 3.000%. Buyers interested in a jumbo loan can lock into a 30-year fixed jumbo mortgage at 3.375% today with a 3.408% APR. A 15-year jumbo loan is quoted with a 3.000% interest rate and an APR of 3.060%.
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.