Current Mortgage Interest Rates Today – Lower Three Days in Row

alt text

(Best Syndication News) The average mortgage rate declined again today for the third straight day, with changes at U.S. Bank, SunTrust Bank, Chase and Bank of America (see rate chart below). There were no changes at Citibank, Wells Fargo and HSBC today.

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) decreased one basis point to 5.057 percent. The rate has been lower three days in a row, but is still higher for the week, month and 100-days.

U.S. Bank lowered their rate four basis points to 4.87 percent. Their 30-year FHA loans remained the same but they did lower their VA loans 13 points to 5.10 percent.

SunTrust raised their conventional loan rate five points to 5.00 percent. Their 30-year FHA loans increased two basis points to 5.43 percent.

Chase lowered their rate one point to 5.20 percent. Their 20-year loans decreased seven points to 5.02 percent.

Bank of America lowered their rate two points to 5.00 percent. In certain areas, that rate decreased six points to 4.914 percent.

15-Year FRM and 5/1 ARM Rates

The average 15-year fixed mortgage rate decreased one point to 4.418 percent. Chase held their rate steady but Bank of America lowered their rate four points to 4.40 percent.

U.S. Bank lowered their rate two points to 4.25 percent.

The average 5-year (30-year term) adjustable rate mortgage (ARM) increased less than one basis point today. The average was 3.362 percent.

Sun Trust did not change their rate today but Chase lowered their rate one point to 3.32 percent.

Jumbo Loan Rates

The average 30-year jumbo loan rate decreased less than one basis point today. See the charts below for more details.

By: John Waters
Business Reporter

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Tuesday 1 Day 5 Day 30 Day 100-Day 1 Week
03/08/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
5.057% Average 30 yr fixed -1 2 1 66 5.06%
4.418% Average 15 year FRM -1 1 -3 51 4.42%
3.362% Average 5/1 ARM 0 2 6 16 3.36%
5.492% 30 Yr Fixed Jumbo 0 1 5 53 5.50%
4.655% 15 Yr Fixed Jumbo 0 5 -3 47 4.64%
3/8/11 U.S. Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.87% 30-Year Fixed -4 2 -4 76 4.89%
4.70% 20-Year Fixed -7 3 -10 54 4.75%
4.25% 15-Year Fixed -2 2 -4 61 4.27%
4.12% 10-Year Fixed 0 0 0 40 4.12%
5.27% FHA 30-Year 0 0 -9 52 5.31%
4.72% FHA 15-Year -11 0 -11 15 4.78%
5.10% VA 30-Year -13 0 -26 38 5.20%
4.85% VA 15-Year 0 0 -13 25 4.90%
3.47% 3-Year ARM 0 3 0 0 3.46%
3.55% 5-Year ARM 0 4 9 13 3.54%
4.99% Jumbo 30-Year -13 0 1 51 5.07%
4.66% Jumbo 15-Year 0 13 2 76 4.61%
3/8/11 Sun Trust Bank 1 Day 5 Day 30 Day 100-Day 1 Week
5.00% 30 Yr Fixed Conventional 5 7 7 74 4.96%
4.48% 15 Yr Fixed Conventional 2 6 4 60 4.44%
6.01% 30 Yr Jumbo Fixed 0 1 14 88 6.03%
3.29% Agency 5/1 ARM 30 Yr 0 3 6 24 3.28%
3.55% Agency 7/1 ARM 30 Yr 1 6 11 42 3.53%
5.43% 30 Yr FHA - Fixed 2 6 5 60 5.39%
03/08/11 Chase 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.20% 30-Year Fixed Rate -1 9 22 39 5.19%
5.02% 20-Year Fixed Rate -7 3 11 31 5.05%
4.39% 15-Year Fixed Rate 0 0 2 40 4.40%
3.65% 7/1 ARM -6 6 -6 24 3.66%
3.32% 5/1 ARM -1 4 -1 11 3.31%
03/08/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.00% 30-Year Fixed Rate -2 -1 5 59 5.02%
4.40% 15-Year Fixed-Rate -4 -2 15 45 4.42%
3.36% 5/1 ARM Rate 2 4 12 15 3.33%
Certain Areas
4.914 30-Year Fixed Rate -6 -4 -1 52 4.96%
3.204 5-Year ARM -1 1 7 9 3.21%
5.533 30-Year FRM int only -3 -5 -2 29 5.56%
3.261 5-Year ARM, int only -3 -2 4 11 3.28%
* Average includes more banks than listed
Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved