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Current Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust on May 20, 2014

1.jpgAs per a new report published by a realty price tracking portal, a downfall in the new home rates has trapped over 10 million American homeowners. The report estimates that about 18.8% of mortgaged homeowners were trapped in homes that they would sell at a considerable amount of loss in the first quarter of 2014. Though it marked an improvement over the final figure of 19.4% as recorded during the last quarter of 2013, and a major improvement from the all-time high of 31.4% home mortgages underwater in 2012, there are still over 10 million homeowners dealing with negative equity.

Bank of America

As per the most recent mortgage charts released by the Charlotte based lender Bank of America (NYSE: BAC), the standard long term 30 year fixed rate mortgage deals are coming out at an interest rate of 4.000% and are carrying an annual percentage rate of 4.159%. The relatively shorter 15 year fixed rate mortgage home loan deals are being traded at an interest rate of 3.375% and are accompanied by an APR yield of 3.530% today. For potential home buyers who are looking forward to having more flexible home loans, the bank offers its ideal 5 year adjustable rate mortgage home loans at an interest rate of 2.875% and an APR yield of 2.875% to start with.

In the refinancing arena, the popular 30 year fixed rate mortgage home loan options are being quoted at an interest rate of 4.250% and an APR yield of 4.328% this Tuesday. The short term 15 year refinancing fixed rate mortgage home loan options are up for grabs at an interest rate of 3.375% today and an annual return rate of 3.602%. Mortgage shoppers with flexible home refinancing needs can opt for the best 5 year adjustable rate mortgage packages, which are now advertised at an interest rate of 3.000% and an APR yield of 2.929% today.

Wells Fargo

This Tuesday at the major U.S. based mortgage provider Wells Fargo (NYSE: WFC), borrowers interested in standard long term home loans will have to pay an interest cost of 4.375% and deal with an annual percentage rate of 4.575% to secure the 30 year fixed rate mortgage deals. In the short term home loan division, 15 year fixed rate mortgage home loans are highlighted at an interest rate of 3.500% and an APR yield of 3.783%.

When it comes to refinancing home loan options, the popular 30 year fixed rate home loan packages are traded at an interest rate of 4.250% and an APR yield of 4.335% today. For the seekers of short term home loans, 15 year refinancing fixed rate mortgage home loans are ideal options at an interest rate of 3.500% and an APR yield of 3.6475 today.

SunTrust

As per the new mortgage charts released by SunTrust Bank (NYSE: STI) on May 20, 2014, the standard long term 30 year fixed rate mortgage home loans are still traded at an interest rate of 4.375% and are carrying an annual percentage rate of 4.4853%. In the short term lending section, the 15 year fixed rate home loans are quoted at an interest rate of 3.300% and an APR yield of 3.5109% this Tuesday.

When it comes to flexible mortgage home loans, mortgage shoppers can spot the 5 year adjustable rate mortgage packages being listed at an interest rate of 3.200% and an APR yield of 3.0908%. The more flexible 7 year adjustable rate mortgage options can be secured at an interest rate of 3.750% and an APR yield 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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