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

Today Mortgage rates from Bank of America Wells Fargo and PNC Bank 8-8-13The 30 year fixed rate mortgage of the Bank of America is listed today at 4.625% with an annual percentage rate of 4.741%. Also made available for those who might prefer a more flexible term is the 5 year adjustable rate mortgage, it can be had at the bank at an interest rate of 3.875% with an APR of 3.355%. In contrast to this, refinance terms are also made available at the bank today. The 30 year refinance can be availed at the bank at 4.625% with an APR of 4.702%. While the shorter term 5 year can be had at 3.875% with an APR of 3.322%.

Wells Fargo’s rate today for the 30 year FRM is released today at 4.500% with an APR of 4.673%. FHA also released their version at 4.250% with an APR of 5.433%. Moving on to the 15 year FRM, this can be had at the bank at an interest rate of 3.500% with an APR of 3.795%. In contrast to this, the adjustable rates that are made available today were announced starting with the 5 year ARM which 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 in the banks list is PNC Bank, the 30 year FRM of the bank is presented today at 4.500% with an APR 4.646%. The 20 year FRM in the meantime is available at 4.000% with an APR of 4.269%. The shorter 15 year FRM is at 3.375% with an APR of 3.673%. Last is the much shorter 10 years FRM that can be had at 3.125% with an APR of 3.580%.

Wells Fargo and PNC Bank hold today’s lowest rate for the 30 year FRM at 4.500, lower than the presented rate of Bank of America’s at 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.