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Current Mortgage Rates at Wells Fargo, Quicken Loans, Capital One – Friday, April 15, 2016

Economy

Current Mortgage Rates at Wells Fargo, Quicken Loans, Capital One – Friday, April 15, 2016

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Mortgage rates have reached close to three-year lows this week. Most lenders have quoted conventional 30-year fixed mortgages this week at 3.50%, with some offering 30-year mortgages as low as 3.375%. The most common rate for the benchmark 30-year mortgage on Friday is 3.625%.

Wells Fargo Mortgage Rates

The best rate for a 30-year fixed mortgage at Wells Fargo today is 3.750% with an APR of 3.810%. The 30-year FHA loan is published with the same 3.750% interest rate and a higher APR of 4.762%. The 30-year fixed VA mortgage is published at 3.500% with a 3.786% APR. Wells Fargo advertises the popular 15-year fixed home loan at 3.125% with an APR of 3.176%. Buyers can lock into a 7/1 conforming ARM at 3.375% to start with an APR of 3.480% A 5/1 VA ARM is quoted at 3.375% to start with the 5/1 FHA ARM is published at 3.625% for the first five years.

Buyers can get a larger conforming or government-backed mortgage in eligible high-cost areas. A larger 30-year fixed loan is quoted at 3.750% with an APR of 3.774%. The larger 30-year fixed FHA mortgage is published at 3.750% today with an APR of 4.742%.

Wells Fargo is one of the largest providers of jumbo mortgages in the United States. A 30-year fixed jumbo loan is quoted at 3.500% — lower than the conforming loan rate — with a 3.506% APR. A 7/1 jumbo ARM is quoted at 2.750% for the first seven years.

Refinance rates are slightly higher today. A 30-year fixed refi loan at Wells Fargo is published at 3.875% with an APR of 3.912%. Homeowners can refinance into a 15-year fixed refinance mortgage at 3.125% with a 3.207% APR. For greater flexibility, a 7/1 adjustable rate refinance loan is published at 3.375% for the first seven years.

Today’s Rates at Quicken Loans

Rates at Quicken Loans today are among the most competitive. Quicken Loans advertises the benchmark 30-year fixed conforming mortgage at 3.625% today with an APR of 3.852%. The shorter-term 15-year fixed mortgage is quoted with an interest rate of 2.75% and a 3.18% APR. Buyers can lock into a 5-year adjustable rate mortgage at 2.99% for the first five years with a starting APR of 3.55%. Quicken Loans offers VA loans with among the lowest rates. The best rate for a fixed 30-year VA loan is 3.25% with an APR of 3.443%. A 5/1 VA ARM is published at 2.75% for the first five years with a 2.789% APR.

Friday’s Mortgage Rates at Capital One

The lowest mortgage rate for a 30-year fixed loan at Capital One today is 3.500% with a 3.571% APR. Buyers can lock into a 15-year fixed home loan at 2.875% with a 2.983% APR. Capital One advertises the 5/1 adjustable rate mortgage at 2.750% for the first five years with a starting APR of 3.298%. The more flexible 7/1 ARM is quoted with a starting interest rate of 3.000% and an APR of 3.338%.

Buyers can lock into a 30-year jumbo loan at Capital One with an interest rate of 3.500% and a 3.521% APR. A 15-year fixed jumbo mortgage is published with a 3.125% interest rate and a 3.162% APR. The 5/1 jumbo ARM is available with an interest rate of 2.500% for the first five years.

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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