After steadily increasing mortgage rates over the last two weeks, interest rates are fairly flat at most lenders on Thursday, November 6.
Sun Trust Mortgage Rates
Rates are largely unchanged at Sun Trust Bank on Thursday. The 30-year fixed conventional loan is quoted with an interest rate of 3.99% today with a 4.115% APR. The 30-year FHA loan is quoted at a lower 3.625% interest rate with an APR of 5.256%. Buyers can lock into a 30-year fixed jumbo mortgage at 4.125% today with a 4.234% APR. Buyers who want a shorter repayment term can turn to the 15-year fixed loan at 3.125% with a 3.336% APR.
Sun Trust advertises the 5/1 ARM today at 2.99% for the first five years with a starting APR of 2.948% for additional flexibility. Buyers can lock into a 7/1 adjustable rate mortgage at Sun Trust with an interest rate of 3.25% and a starting APR of 3.088%.
Today’s Bank of America Rates
Borrowers can lock into a 30-year fixed mortgage at Bank of America with an interest rate of 4.000% and a 4.150% APR. The 20-year fixed loan is quoted today at the same 4.000% with an APR of 4.099%. For a shorter repayment term, a 15-year loan is quoted at 3.375% with a 3.540% APR.
Refinance rates are quoted higher than purchase rates at Bank of America. The lender advertises the standard 30-year fixed loan at 4.125% today with a 4.213% APR. A 20-year fixed mortgage is offered with a rate of 4.000% and a 4.144% APR. The most popular refinance loan, the 15-year fixed refi, is quoted at 3.375% today with a 3.579% APR.
Today’s Wells Fargo Interest Rates
Rates are unchanged at Wells Fargo on Thursday. The 30-year fixed mortgage is quoted at 4.125% today with a 4.209% APR, while the 30-year FHA loan is offered at 3.875% today with an APR of 5.456%. The shorter-term 15-year mortgage is quoted at 3.500% today with an APR of 3.647%. Wells Fargo quotes the 7-year ARM at the same 3.500% interest rate with a 3.175% APR.
In federally designated high-cost areas, Wells Fargo offers conforming and FHA loans exceeding $417,000. A larger 30-year fixed loan is quoted at 4.250% with a 4.292% APR. A larger 7-year ARM is quoted today at 3.750% for the first seven years with an APR of 3.252% to start.
Jumbo loan borrowers will find Wells Fargo offers the 30-year fixed jumbo mortgage today with an interest rate of 4.125% and an APR of 4.153%. The 7-year jumbo ARM is quoted at 3.250% for the first seen years with a 3.005% starting APR.
Wells Fargo is quoting higher refinance rates this week. The 30-year fixed refi loan is quoted at 4.250% with a 4.311% APR. Borrowers can lock into the popular 15-year refinance loan at 3.500% today with an APR of 3.623%. The 5/1 refi ARM is offered with a rate starting at 3.125% for the first five years with a 2.965% starting APR.
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.