Today, the Bank of America presented their rate for 30 year fixed rate mortgage at 4.500%. While the shorter period loan for 5 year adjustable rate mortgage is presented at 4.00% carrying with it an annual percentage rate of 3.403%.For the 30 year refinance loan, the bank has it at 4.625% yielding an APR of 4.717%, while its 5 year counterpart of refinance is offered at 3.875% with an APR of 3.225.
For Wells Fargo, the 30 year FRM is at 4.500% today with an APR of 4.673%. FHA has their 30 FRM at 4.250% raising its APR to 5.433%. The 15 year FRM for this bank is at 3.500% with it an APR of 3.795%. For Wells Fargo’s shorter term rates in the 5 year ARM, it is presented today at 3.375% with an APR of 3.208% FHA offers theirs at 3.500% having with it an APR of 3.519%
Lastly, the rates for PNC Bank are as follows: the 30 year FRM today is 4.375% having an APR of 4.531%. For the 20 year FRM, it sits at 4.00% with an APR of 4.180%. PNC Bank also has their 15 year FRM at 3.375% resulting to an APR of 3.635% and 3.125% for their 10 year FRM with an APR of 3.499%. About the refinance rates of PNC Bank, they have their 30 year refinance of 4.500% that resulted to a 4.687% of APR, the 20 year refinance rate they presented at 3.250% with an APR of 3.726%, the15 year refinance rate is at 3.500% and an APR of 3.775%, and for the 10 year refinance rate, it is at 3.250% today, having with it an APR of 3.726%.
Comparing the three banks, PNC Bank has the lowest 30 year FRM at 4.375, with the Bank of America and Wells Fargo having the same rate of 4.500%
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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