Current Mortgage Interest Rates Today – Rates fell today except at Bank of America

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(Best Syndication News) Average rates fell today with changes at U.S. Bank, PNC and Bank of America (see rate charts below).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) fell three points to 4.958 percent today. Over the last five days it has fallen 11 basis points but over the last 100-days it is 54 points higher.

Last week the average fell below 5.0 percent. Plugging the current rate into a mortgage calculator we found rates of $1,202 on a $225,000 home loan. Many homeowners want to refinance today while rates are low.

US Bank lowered their rate one basis point to 4.83 percent today. The bank also offers VA and FHA loans. These 30-year products remained the same.

Chase had a rate of 5.11 percent today.

PNC National City Bank lowered their rate six points to 4.90 percent today.

These are base rate and the final value will depend on several factors, including the credit score of the borrower, loan amount and the location of the home.

Bank of America raised their rate two points today to 4.93 percent. They were the only lending institution we monitor that raised their home loans.

15-Year FRM and 5/1 ARM

The average 15-year fixed mortgage rate fell four points to 4.271 percent. PNC lowered their rate 15 basis points to 4.25 percent.

The average 5-year adjustable rate mortgage (ARM) fell three points to 3.279 percent today. Bank of America lowered their ARM rates one point to 3.24 percent.

Jumbo Home Loans

The average 30-year fixed jumbo mortgage rate fell five basis points 5.354 percent while the average 15-year rates fell 10 points to 4.512 percent.

Jumbo loans exceed the maximum amount set by Fannie Mae. These non-conforming loans are riskier because banks can’t sell them as easy.

By: John Waters
Business Reporter

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Monday 1 Day 5 Day 30 Day 100-Day 1 Week
03/14/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.958% Average 30 yr fixed -3 -11 -9 54 5.04%
4.271% Average 15 year FRM -4 -16 -16 34 4.39%
3.279% Average 5/1 ARM -3 -8 0 6 3.35%
5.354% 30 Yr Fixed Jumbo -5 -14 -2 33 5.47%
4.512% 15 Yr Fixed Jumbo -10 -15 -7 32 4.64%
3/14/11 U.S. Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.83% 30-Year Fixed -1 -7 1 61 4.88%
4.63% 20-Year Fixed -1 -14 -4 37 4.72%
4.12% 15-Year Fixed -7 -15 -9 51 4.26%
4.03% 10-Year Fixed -9 -9 -9 36 4.12%
5.27% FHA 30-Year 0 0 0 52 5.29%
4.59% FHA 15-Year -13 -23 -13 3 4.76%
5.10% VA 30-Year 0 -13 -13 38 5.18%
4.85% VA 15-Year 0 0 0 25 4.87%
3.41% 3-Year ARM 0 -6 0 -6 3.45%
3.42% 5-Year ARM -4 -13 0 -4 3.53%
4.87% Jumbo 30-Year -13 -25 -10 25 5.04%
4.41% Jumbo 15-Year -13 -25 -9 51 4.64%
3/14/11 PNC - National City Bank 1 Day 5 Day 30 Day 100-Day 1 Week
3.97% 10 Year Fixed -11 -48 -67 27 4.31%
4.25% 15 Year Fixed -15 -34 -66 40 4.50%
4.88% 20 Year Fixed -3 -46 -58 68 5.17%
4.90% 30 Year Fixed -6 -37 -50 77 5.15%
Certain Areas
4.13% 10 Year Fixed 0 -46 -93 43 4.40%
4.29% 15 Year Fixed -6 -43 -87 20 4.60%
5.07% 20 Year Fixed -3 -39 -66 63 5.34%
5.09% 30 Year Fixed -13 -25 -63 63 5.29%
03/14/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
4.93% 30-Year Fixed Rate 2 -9 0 42 4.98%
4.16% 15-Year Fixed-Rate 0 -27 2 15 4.35%
3.24% 5/1 ARM Rate -1 -10 1 1 3.31%
Certain Areas
4.888 30-Year Fixed Rate 3 -8 -2 39 4.91%
3.121 5-Year ARM -2 -9 0 -1 3.17%
5.5 30-Year FRM int only 13 -6 -2 0 5.49%
3.187 5-Year ARM, int only -3 -11 -1 0 3.24%
* Average includes more banks than listed
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