Current Mortgage rates from Bank of America, Wells Fargo and PNC Bank (8/7/2013)

Today Mortgage rates from Bank of America, Wells Fargo and PNC Bank 8-7-13Today, the Bank of America has released their interest rates for the mortgage deals that are made available at their bank including the popular 30 year fixed rate mortgage. The said term of 30 year FRM can be had at the bank today at an interest rate of 4.625% with an annual percentage rate of 4.754%. In contrast to this, the 5 year adjustable rate mortgage is also available today at 4.000% with an APR of 3.397%. Refinance deals are also available at the bank today starting at the 30 year refinance at 4.625% with an APR of 4.715%, another available term is the 5 year refinance at 3.875% with an APR of 3.319%.

Moving on to the next bank, the 30 year FRM offered by Wells Fargo is at 4.400% with an APR of 4.673%. FHA has theirs at 4.250% with an APR of 5.433%. In contrast to that, the 15 year FRM is also made available at the bank today at 3.500% with an APR of 3.795%. Adjustable rates are also available today; the 5 year ARM can be had at 3.250% with an APR of 3.164%.FHA has theirs at 3.500% with an APR of 3.519%.

 

Last of the banks is the PNC Bank, which has the offer for the 30 year FRM at an interest rate of 4.500% with an APR of 4.646%. Also available from the bank is the 20 year FRM at 4.000% with an APR of 4.269%. The shorter term of 15 year FRM is also made available at 3.375% with an APR of 3.654%. The shorter term 10 year FRM in the meantime is available also at 3.125% with an APR of 3.580%.

Wells Fargo and PNC Bank hold the lowest rate for the 30 year FRM today 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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About the author

Rob is a analyst and reporter covering stocks and business news.