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Current Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust on June 10, 2014

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Current Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust on June 10, 2014

1.jpgDespite the sudden fall in the nationwide foreclosure activity, 21 states published a monthly rise in overall foreclosure activity, and 11 states published an annual rise in the foreclosure activity in the U.S.

 

Bank of America

According to the most up to date mortgage information released by Bank of America (NYSE: BAC) on June 10, 2014, the benchmark 30 year fixed rate mortgage home loan plans are coming out at an interest price of 4.125% and an annual percentage rate of 4.256%. In the short term home loan section, the 15 year fixed rate mortgage home loans are traded at an interest rate of 4.000% and an APR yield of 4.210% today. When it comes to flexible home loan packages, 5 year adjustable rate home loans are coming out at a starting interest rate of 3.375% and an APR yield of 3.559% to start with.

In the refinancing home loan section, the popular 30 year fixed rate mortgage home loan packages are coming out at an interest rate of 4.250% and an APR yield of 4.350% today. This Tuesday, the 15 year refinancing fixed rate mortgage loans are coming out at an interest rate of 4.125% and an annual return rate of 4.303%. For the seekers of flexible refinancing options, 5 year adjustable rate mortgage deals can be locked in at an interest rate of 3.500% and an APR yield of 3.645% today.

Wells Fargo

This Tuesday at the major U.S. based mortgage lender Wells Fargo (NYSE: WFC), the benchmark 30 year fixed rate long term mortgage home loans are published in the bank’s books at an interest rate of 4.500% and are backed by an annual percentage rate of 4.670%. The shorter 15 year counterparts of the standard 30 year fixed rate mortgage options are up for grabs at an interest rate of 3.625% and an APR yield of 3.853% on June 10, 2014.

In the refinancing section, the mortgage lender offers its popular 30 year fixed rate mortgage home loan schemes at an interest price of 4.250% and an APR yield of 4.335% today. The relatively shorter, 15 year refinancing FRM loans are now listed at an interest rate of 3.500% and an APR yield of 3.647% this Tuesday.

SunTrust

As per the most up to date mortgage information released by SunTrust Bank (NYSE:STI) on  June 10, 2014, the 30 year fixed rate mortgage home loans are coming out at an interest price of 4.375% and are backed by an annual percentage rate of 4.4853%. In the short term financing section, the 15 year fixed rate mortgage home loans are quoted at an interest rate of 3.300% and are carrying an APR yield of 3.5109% this Tuesday.

In the adjustable rate mortgage section, potential home buyers can spot the 5 year variable rate home loans being traded at a starting interest rate of 3.200% and an APR yield of 3.0908% to start with. The more flexible 7 year adjustable rate mortgage plans are now up for grabs at an interest rate of 3.750% and an annual percentage rate of 3.3954% today.

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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Stephany Morgan covers business and finance related news.

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