Today in Bank of America, the fixed rate mortgage of 30 year term rises from yesterday to 4.625% carrying with it an annual percentage of 4.722%. The shorter term 15 year FRM is offered at 4.125% with an APR of 4.312%. Regarding the 10 year FRM can be had today at 4.500% yielding an APR of 4.150%. Moving on to the adjustable rate mortgages of the bank, for the 7 year period ARM, it is at 4.500% resulting to an APR of 3.854%. The 5 year ARM is available at 4.000% and expects an APR of 3.468%.
Wells Fargo presented their 30 year FRM today at 4.500% having with it an APR of 4.673%. FHA has theirs at 4.375% and an APR of 5.569%. For the shorter term 15 year FRM, it is unchanged from yesterday at 3.500% with an APR of 3.795%. The 5 year ARM is also available at 3.250% with an APR of 3.164%.
Last is PNC Bank’s mortgage rates, it starts off with their 30 year FRM at 4.375% with an APR of 4.542%. The bank’s 20 year offer today is at 4.000% flat with an APR of 4.195%. For the shorter term 15 year FRM, it can be had at 3.375% carrying with it an APR of 3.654%. Regarding the 10 year FRM of PNC Bank, they presented it at 3.125% and with it an APR of 3.526%
Comparing the rates of the three banks, PNC Bank offers the lowest rate for the 30 year FRM; it sits at 4.375% with an APR of 4.542%, a great deal lower than that of the rate of Bank of America at $4.625% having an APR of 4.722%, and the rate from Wells Fargo which is at 4.500% with an APR of 4.673%.
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.
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