The Bank of America released their corresponding interest rate for mortgage deals including the popular 30 year fixed rate mortgage which can be had at 4.625% today, with an APR of 4.741%. Also available is the more flexible 5 year adjustable rate mortgage that is on the books today at 4.000% with an APR of 3.389%. Refinance rates are also made available today by Bank of America starting from the 30 year refinance offer at 4.625% with an APR of 4.745%. Last is the Bank’s quote for the 5 year refinance that can be had at 3.875% with an APR of 3.334%.
Wells Fargo in the meantime also released their version of quotes today. The 30 year FRM at their bank is made available and can be had at 4.500% with an APR of 4.673%. FHA also released theirs at 4.375% with an APR of 5.569%. Next in the list of Wells Fargo is the 15 year FRM which is made available at 3.500% with an APR of 3.795%. For those who prefer the more flexible term of the 5 year ARM, it is available at the bank at 3.250% with an APR of 3.164%. FHA has theirs at 3.500% with an APR of 3.519%.
Last on this batch of banks is the PNC Bank, which also released their quotes today, including the 30 year FRM that can be had at 4.500% with an APR of 4.701%. The 20 year FRM is made available at this bank at 4.125% with an APR of 4.366%. Also available is the shorter term 15 year FRM at 3.500% with an APR of 3.743%. The much shorter term of 10 year FRM is also available at 3.250% with an APR of 3.707%.
Wells Fargo and PNC Bank both hold today’s lowest rate for the 30 year FRM, at 4.500% compared to Bank of America’s 4.625%.
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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