Current Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust...

Current Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust on June 12, 2014

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1.jpgIncreasing prices and higher interest rates starting from mid-2013 have made new home purchases somewhat less affordable for potential buyers. The mortgage interest rates have grown about quarter of a percentage higher than the rates recorded during the same time in 2013.

 

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Bank of America

At the Charlotte based mortgage lender, the standard 30 year fixed rate mortgage home loan plans are coming out at same interest rate of 4.125% and are carrying annual percentage rate of 4.277% on June 12, 2014. For the seekers of short term home loan deals, the 15 year fixed rate mortgage home loan schemes would be ideal options at an interest rate of 4.000% and an annual return rate of 4.204% today. In the flexible mortgage arena, the 5 year adjustable rate mortgage plans are coming out at an interest price of 3.375% and an APR yield of 3.563% this Thursday.

When it comes to refinancing mortgage options, the bank now offers its popular 30 year fixed rate mortgage home loan options at an interest rate of 4.250% and an annual return rate of 4.371% today. The relatively shorter 15 year refinancing fixed rate mortgage home loan deals are now coming out at an interest rate of 4.125% and an APR yield of 4.297% today. In the flexible refinancing section, 5 year adjustable rate mortgage home loans are traded at an interest price of 3.500% and an annual return rate of 3.658% this Thursday.

Wells Fargo

At the major San Francisco based mortgage lender Wells Fargo (NYSE: WFC), the benchmark 30 year fixed rate mortgage home loan packages are now coming out at the same interest rate of 4.500% and an annual percentage rate of 4.670% on June 12, 2014. The relatively shorter 15 year fixed rate mortgage home loan plans are now traded at an interest rate of 3.625% and an annual percentage rate of 3.853% today.

In the refinancing home loan section, the bank showcases its popular 30 year fixed rate mortgage loans being traded at an interest rate of 4.250% and being backed by an APR yield of 4.335% today. For the seekers of short term refinancing options, 15 year fixed rate mortgage home loan deals are published at an interest price of 3.500% and an annual return rate of 3.647%.

SunTrust

At SunTrust Bank (NYSE: STI), the 30 year fixed rate mortgage home loans are now published against an interest rate of 4.375% and are backed by an annual percentage rate of 4.4853% on June 12, 2014.  In the short term mortgage home loan section, 15 year fixed rate mortgage packages are now quoted at an interest rate of 3.300% and an APR yield of 3.5109% this Thursday.

In the adjustable rate mortgage home loan division, the 5 year variable rate home loans can be seen advertised at an interest rate of 3.200% and an annual percentage yield of 3.0908%. For the seekers of more flexible home financing deals, 7 year adjustable rate mortgage plans would be perfect at an interest rate of 3.750% and an APR yield of 3.3954% to start with.

Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.

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