Today’s Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust (April 18, 2014)

The average US mortgage interest rates for fixed deals experienced a fall for the second week in a row as the home buying season entering the spring phase.

The renowned mortgage buyer Freddie Mac reported a fall in the average rate of the 30 year loan from 4.34% last week to 4.27% this week. The mortgage interest rates have tasted a hike of about one full percentage point after reaching record lows about one year back. Several mortgage analysts have previously been expecting a decent improvement in the economy that might lift the housing sector, which has somewhat improved in the last two years. However, with the recent hike in interest rates, expectations might seem to be heading down a bit.

Bank of America

As per the new mortgage information released on April 18, 2014, the standard long term 30 year fixed rate mortgage home loan are coming out of Bank of America (NYSE: BAC) at an interest rate of 4.250% and an annual percentage rate of 4.405%. On the other hand, the relatively shorter,15 year fixed rate mortgage home loans can be locked in at an interest price of 3.500% and an APR yield of 3.735% today. For the seekers of flexible home loan options, the bank is now offering its 5 year adjustable rate mortgage plans at an interest rate of 3.000% and an APR yield of 2.944% today.

In the refinancing arena, the popular 30 year fixed rate mortgage home loan deals are coming out at an interest rate of 4.500% and an annual return rate of 4.621% today. However, in the short term lending section, the 15 year refinancing fixed rate home loans can be had at an interest rate of 3.625% and an APR yield of 3.808% today. When it comes to variable rate home finances, the 5 year refinancing adjustable rate mortgage home loans are coming out at an interest rate of 3.125% and an APR yield of 2.993%.

Wells Fargo

At the top US based mortgage lender Wells Fargo (NYSE: WFC), the standard long term 30 year fixed rate mortgage loans are coming out at increased interest rate of 4.625% and an annual percentage rate of 4.719% on April 18, 2014. However, the short term 15 year fixed rate mortgage home loans are carrying an interest rate of 3.875% and an annual return rate of 4.091% today.

The refinancing section of the bank’s loan portfolio highlights the popular 30 year fixed rate mortgage home loan deals being traded at an interest rate of 4.500% and being backed by an APR yield of 4.586% today. Alternatively, the somewhat shorter 15 year refinancing fixed rate mortgage home loan packages can now be locked in at an interest price of 3.750% and an annual percentage yield of 3.898% this Friday.

SunTrust

This Friday at SunTrust Bank (NYSE: STI), the benchmark 30 year fixed rate mortgage home loan plans are coming out at an interest rate of 4.375% and are backed by an annual percentage rate of 4.4853%. As per the latest mortgage charts published on April 18, 2014, the short term 15 year fixed rate mortgage home loan deals are coming out at an interest rate of 3.300% and an APR yield of 3.5109%. Troubled customers can go for FHA insured 30 year fixed rate home loans at an interest rate of 3.300% and an APR yield of 3.5109% today.

In the flexible home loan section, borrowers can spot the 5 year adjustable rate mortgage deals coming out at a starting interest rate of 3.200% and an APR yield of 3.0908% today. The more flexible 7 year adjustable rate mortgage home loan packages are now listed at an interest price of 3.750% and an APR yield of 3.3954% to begin 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.