Mortgage rates are flat on Friday ahead of Memorial Day weekend and financial markets will be closed on Monday. Most lenders are leaving rates unchanged but a few are offering slightly lower interest rates. The most prevalent rate for a conforming 30-year fixed-rate mortgage is 3.75%.
Bank of America Mortgage Rates
The best rate for the standard 30-year fixed mortgage at Bank of America today is 3.750% with an APR of 3.879%. Bank of America advertises the popular 15-year fixed home loan with a 3.000% interest rate and a 3.214% APR. Buyers interested in the lowest possible mortgage payment and more flexibility can lock into a 5/1 ARM today with a starting interest rate of 2.875%. A 7/1 adjustable rate loan is quoted at 3.125% to start.
Refinance rates have moved higher this week. The standard 30-year refi loan is quoted with a 4.000% interest rate and a 4.142% APR. The more popular 15-year fixed refinance mortgage is published with a 3.125% interest rate and an APR of 3.125%. A 5/1 refi ARM is quoted at 2.750% to start.
Mortgage Rates at US Bank
The best rate for the benchmark 30-year fixed home loan at US Bank is 3.750% on Friday with an APR of 3.821%. A 15-year conforming fixed loan is published at 3.625% with a 3.723% APR. Buyers can lock into a 5-year adjustable rate loan at 2.750% to start or a 10-year ARM at 3.250% to start.
US Bank advertises a 30-year fixed FHA loan with an interest rate of 3.500% and a 4.555% APR. The 15-year FHA loan is quoted at 3.250% today with a 4.316% APR. A 30-year VA mortgage is quoted at 3.625% today with a 3.960% APR. A 15-year VA loan is published at 3.250% with a 3.844% APR. US Bank quotes a 30-year jumbo mortgage with a 3.875% interest rate.
US Bank does not include discount points in its mortgage quotes. You can secure a lower interest rate by purchasing points at closing.
Quicken Loans Mortgage Rates
The lowest mortgage rate at Quicken Loans for the benchmark 30-year mortgage is 3.50% with a 3.777% APR. Quicken Loans advertises a 15-year fixed mortgage with a 2.75% interest rate and a 3.218% APR. The best rate for a 5-year ARM is 2.875% to start with a starting APR of 3.612%. Buyers can lock into a 30-year fixed VA mortgage at 3.25% today with a 3.474% APR.
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.