While mortgage rates moved a little lower this week for the second time this month, rates are still near the highest levels since the end of January. The average execution rate for the benchmark 30-year fixed mortgage was 3.75% to 3.875% at the start of the week for well-qualified borrowers.
Mortgage Rates at Wells Fargo
Rates have moved higher at Wells Fargo. The best rate for the conventional 30-year fixed mortgage is 4.125% today with a 4.150% APR. Wells Fargo advertises the popular 15-year fixed loan at 3.250% with an APR of 3.356%. A 7/1 adjustable-rate mortgage is published at 3.625% to start with a 3.608% APR. A 5-year FHA ARM is quoted at 4.125% for the first five years.
Rates are slightly higher for borrowers who want a larger conforming loan, available in high-cost areas. A larger 30-year fixed conforming mortgage is quoted at 4.125% today with an APR of 4.139%. A larger 7/1 ARM is published at 3.875% for the first seven years with a 3.690% APR.
The best rates at Wells Fargo are offered to jumbo loan borrowers. A 30-year fixed jumbo mortgage is quoted at 3.625% today with an APR of 3.641%. A 7/1 jumbo ARM is published with an interest rate of 3.000% to start and an APR of 3.284%.
Refinance rates at Wells Fargo are also edging higher. The standard 30-year fixed refi loan is published at 4.125% with a 4.152% APR. Homeowners can lock into the popular 15-year fixed refinance mortgage at 3.375% today with an APR of 3.440%. A 7/1 refi ARM is quoted at 3.750% to start with an APR of 3.654%. A 30-year fixed jumbo mortgage refinance is offered at 4.125% today.
Best Mortgage Rates at Chase
Mortgage rates have remained relatively flat at Chase this month. The best interest rate for a 30-year fixed mortgage is 3.625% with a 3.717% APR. A 15-year fixed loan is quoted at 3.000% with an APR of 3.126%. Chase advertises the 5/1 ARM at 3.125% to start with an APR of 3.459%. A 7/1 adjustable rate loan is quoted at 3.375% for the first seven years with a 3.523% APR. All rates assume the purchase of discount points.
SunTrust Mortgage Rates
Rates have moved higher at SunTrust since last week. The best rate for a 30-year fixed mortgage today is 3.700%, up from 3.6% last week. A 15-year fixed loan is quoted at 2.900% with a 3.207% APR. Buyers can lock into a 30-year jumbo loan at 3.800% with an APR of 3.947%. The lowest rate for a 30-year fixed mortgage is for an FHA loan at 3.400%, although the APR for an FHA loan is quoted at 4.572%. A 30-year fixed VA mortgage is quoted at 3.400% today with an APR of 3.687%. A 15-year fixed VA loan is quoted at 3.125%.
SunTrust also offers adjustable rate loans. A 5/1 VA loan is quoted at 3.990% today with an APR of 3.613%. The popular conventional 7/1 adjustable rate mortgage is advertised at 3.250% with a 3.547% APR. The best rate at SunTrust is for a 5/1 ARM with an interest rate of 2.990% to start and a 3.486% APR.
The interest rates mentioned within the article are subjected to change without any guarantee and are up-to-date at the time of publishing of the article. For the latest interest rates, make sure to check the current values.