The interest rates on 30-year fixed rate loans as disclosed today at the Bank of America are coming out at 4.625% corresponding to an APR of 4.734%. The 5/1 ARMs for those interested in the total cost of mortgage products can be had at interest rates of 3.875% at an APR of 3.359%. Moving on to the refinance loan options, the 30-year refinance FRMs are being made available by the bank at interest rates of 4.625% capitulating an APR of 4.733%. In contrast to this, the 5/1 refinance ARMs are quoted at 3.625% interest rates giving an APR of 3.228%.
Disclosing its interest rates, Wells Fargo today presented its mortgage rates on 30-year fixed loans to be 4.500% carrying an APR of 4.673%. The much acceptable 15-year FRMs have been listed at interest rates of 3.500% and an APR of 3.795%. The 30-year fixed FHA can be had for 4.375% interest rates yielding an APR of 5.569% today. The 5-year ARMs are available at the bank at mortgage rates of 3.375% making the APR to be 3.208%. For those opting for larger loan amounts, the interest rates on 30-year fixed rate mortgage loans are 4.625% which makes the APR to be 4.755%.
The PNC Bank published its mortgage rates on 30-year fixed loans which are listed at 4.500% which capitulates an APR of 4.657%. The interest rates on 15-year FRMs stood at 3.375% today with an APR of 3.691%. The interest rates on 30-year refinance FRMs are coming out today at 4.625% which yields an APR of 4.781%. On the other hand, the interest rates being offered by the bank on 15-year refinance loans are 3.500% which makes the APR to be 3.831%.
It can be clearly understood from the above data that Bank of America has advertised highest interest rates of 4.625% on 30-year fixed rate loans.
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.