Mortgage rates began this week at near highs for the month. Most lenders have moved rates higher, quoting the conventional 30-year fixed-rate mortgage at 3.75%. Earlier in April, rates were as low as 3.50%. Last week was the worst week for mortgage rates since November.
Today’s Mortgage Rates at Bank of America
The best rate for a conventional 30-year fixed mortgage at Bank of America today is 3.750% with an APR of 3.860%. Bank of America advertises the popular 15-year fixed loan at 3.000% with a 3.200% APR. Buyers can lock into a 5/1 adjustable rate mortgage with an interest rate of 2.875% for the first five years with a starting APR of 3.390%. The 7/1 ARM is quoted at 3.250% for the first seven years with a 3.479% starting APR.
Refinance rates remain stagnant this week at Bank of America. The 30-year fixed refi loan is published with a 3.750% interest rate — the same as the purchase rate — with a 3.875% APR. Homeowners can refinance into a 15-year fixed home loan at 3.125% with a 3.360% APR. For greater flexibility and the lowest possible mortgage rate, Bank of America advertises a 5/1 refi ARM at 2.875% today with a starting APR of 3.397%. A 7/1 refinance ARM is quoted with a 3.125% interest rate for the first seven years.
US Bank Mortgage Rates
US Bank advertises the conventional 30-year fixed mortgage with an interest rate of 3.875% today with an APR of 3.946%. The shorter-term 15-year fixed loan is advertised at 3.625% with a 3.723% APR. The best rate for a 5-year adjustable rate mortgage today is 2.750% for the first five years with a starting APR of 3.143%. US Bank offers the 10-year ARM with a starting interest rate of 3.500%.
US Bank offers the 30-year fixed VA mortgage today with a 3.625% interest rate and an APR of 3.960%. A 15-year VA loan is quoted at 3.250% today with a 3.844% APR. Buyers can lock into the popular 30-year FHA loan at 3.625% on Tuesday with a 4.682% APR. US Bank advertises the 30-year jumbo mortgage with a 3.875% interest rate and a 3.896% APR.
US Bank mortgage quotes do not include mortgage discount points. You can secure a lower interest rate by purchasing discount points at closing.
Capital One Mortgage Rates on Tuesday
The conventional 30-year fixed mortgage is advertised at Capital One with an interest rate as low as 3.625% with a 3.676% APR. Buyers can secure a shorter-term 15-year fixed loan with a 3.00% interest rate and a 3.090% APR. The 5/1 ARM is quoted with a starting interest rate of 2.875%. The more flexible 7/1 adjustable rate loan is offered at 3.125% for the first seven years with a 3.376% APR to start. A 30-year fixed jumbo loan is quoted at 3.625% today with a 3.646% APR. A 5/1 jumbo ARM is offered by Capital One with a starting interest rate of 2.625%.
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.