The popular 30 year fixed rate mortgage is made available today at the Bank of America at an interest rate of 4.375% with an APR of 4.583%. The 15 year FRM is also made available by the bank at 3.375% with an APR of 3.780%. Adjustable rates are also available today by means of the 7 year adjustable rate mortgage available at Bank of America at an interest rate of 3.875% with an APR of 3.616%, and the 5 year ARM available at 3.500% with an APR of 3.418%.
Wells Fargo has also released their version of the 30 year FRM that is made available at 4.250% with an APR of 4.421%. FHA also released their version quoted at 4.000% with an APR of 4.467%. Adding more to the FRM category is the release of the 15 year FRM by the bank at an interest rate of 3.375% with an APR of 3.669%. An adjustable rate is also released by the bank by means of the 5 year ARM quoted at an interest rate of 3.000% with an APR of 3.076%. FHA has theirs at 3.125% with an APR of 2.716%.
Last are the quotes of PNC Bank starting with the 30 year FRM quote today at 4.375% with an APR of 4.482%. Also available is the 20 year FRM from the bank that is listed at 4.000% with an APR of 4.482%. The shorter term 15 year FRM is on the books today at 3.250 with an APR of 3.462%. The much shorter term of 10 year FRM is published today at 3.000% with an APR of 3.331%.
Today, Wells Fargo holds the lowest quote for the 30 year FRM today which is at 4.250%, a lower rate compared to the 4.375% release of both Bank of America and PNC Bank.
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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