Mortgage interest rates are continuing an upward trend this week, with many rates for popular fixed rate loans and ARMs moving upward.
Today’s Wells Fargo Mortgage Rates
The standard 30-year fixed mortgage at Wells Fargo is quoted at the same 4.125% today with a 4.209% APR, while the popular 30-year FHA loan is advertised at 3.750% with a 5.330% APR. The 15-year fixed loan is quoted higher today at 3.500% with a 3.647% APR. Buyers can lock into a 5-year FHA ARM at 3.250% for the first five years with a starting APR of 3.968%. The 7-year ARM is quoted at the same 3.250% interest rate with a 3.058% APR to start.
In eligible high-cost areas, Wells Fargo offers larger conforming and FHA loans that exceed $417,000. A larger 30-year fixed loan is quoted at 4.125% today with a 4.167% APR. The larger FHA loan is advertised with a rate as low as 3.750% with a 5.283% APR. The larger 7-year ARM is advertised at 3.625% today with an APR of 3.193% to start.
Jumbo loan borrowers will get the best mortgage rates at Wells Fargo. A 30-year fixed jumbo loan is quoted at 4.000% today with an APR of 4.028%. The 7-year jumbo ARM is advertised at 3.125% with a starting APR of 2.947%.
Refinance rates at Wells Fargo remain competitive. A 30-year refi loan is quoted at 4.125% today with a 4.206% APR. The FHA refinance loan is quoted with an interest rate of 3.875% and a 4.966% APR. Wells Fargo offers a 5/1 refi ARM to homeowners at 3.000% today that is locked for five years with a 2.912% APR. The 5/1 FHA ARM refinance loan is published at 3.250% today with a corresponding APR of 3.457% to start.
Today’s Bank of America Mortgage Rates
Mortgage interest rates remain unchanged at Bank of America on Friday. The lender advertises a 30-year fixed rate loan at 4.000% today with a 4.126% APR. The 20-year fixed loan is published at a lower 3.875% interest rate with an APR of 3.985%. Bank of America offers the popular 15-year fixed purchase loan at 3.375% today with a 3.555% APR.
Refinance rates are slightly higher. A 30-year fixed refi loan is quoted at 4.125% today with a 4.213% APR, while a 20-year fixed refinance is available as low as 4.000% at Bank of America with a 4.111% APR. Homeowners can lock into a new 15-year refinance loan at 3.500% with a 3.630% APR.
Mortgage Rates at Sun Trust Bank
On Friday, Sun Trust Bank advertises the benchmark 30-year fixed conforming mortgage at 3.99% with a 4.094% APR. The 30-year fixed FHA loan is published with an interest rate of 3.6% today with a corresponding APR of 5.216%. Buyers can lock into a 30-year fixed jumbo mortgage at 4.0% with a 4.124% APR.
For buyers who want more flexibility, Sun Trust offers the popular 5/1 adjustable rate mortgage at 2.9% today with a 2.91% APR. The 7/1 ARM is quoted as low as 3.125% today with an APR of 3.031%.
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.