Current Mortgage Interest Rates Today – Mixed but Higher Overall

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(Best Syndication News) Average mortgage rates were slightly higher today with U.S. Bank and Citibank lowering them (see rate chart below).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) increased one basis point today to 4.915 percent. Over the last week that product has fallen seven points and over the last month it has dropped 24 basis points.

U.S. Bank lowered their rate one basis point to 4.71 percent. Their FHA and VA rates remained the same. Over the last 100-days their mortgages have increased in cost. The monthly and weekly trend is still lower.

Bank of America raised their rate one basis point to 4.93 percent today. Their 5-day trend is higher. In certain areas the advanced their loan product one basis point to 4.892 percent.

SunTrust raised their rate seven basis points to 4.87 percent. That was the biggest increase from the banks we monitor. Their 30-year FHA fixed home loan rate increased two points to 5.32 percent.

15-Year FRM and 5/1 ARM

The average 15-year fixed mortgage rate increased one basis point to 4.208 percent. This rate is trending lower on a one week and one month basis, but higher over the last 100 days.

SunTrust raised their rate four basis points to 4.23 percent.

The average 5/1 adjustable rate mortgage (ARM) increased two points to 3.264 percent.

SunTrust raised their rate two points to 3.18 percent.

Jumbo Loan Rates

The average 30-year jumbo mortgage rate increased two points to 5.304 percent. These are fixed rate mortgages but they exceed the maximum allowed by Fannie Mae.

The average 15-year jumbo increased four points to 4.496 percent.

By: John Waters
Business Reporter

Best Syndication News Mortgage Survey
Thursday 1 Day 5 Day 30 Day 100-Day 1 Week
03/17/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.915% Average 30 yr fixed 1 -7 -24 59 4.96%
4.208% Average 15 year FRM 1 -11 -29 39 4.28%
3.264% Average 5/1 ARM 2 -5 -8 7 3.29%
5.304% 30 Yr Fixed Jumbo 2 -10 -19 34 5.35%
4.496% 15 Yr Fixed Jumbo 4 -11 -12 43 4.54%
3/17/11 U.S. Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.71% 30-Year Fixed -1 -14 -22 61 4.80%
4.53% 20-Year Fixed -2 -11 -38 38 4.60%
4.08% 15-Year Fixed 0 -11 -26 50 4.14%
3.96% 10-Year Fixed -5 -16 -19 34 4.03%
5.10% FHA 30-Year 0 -17 -26 39 5.20%
4.59% FHA 15-Year 0 -13 -39 3 4.62%
5.10% VA 30-Year 0 0 -26 51 5.13%
4.85% VA 15-Year 0 0 -13 25 4.82%
3.41% 3-Year ARM 0 0 -6 -6 3.42%
3.42% 5-Year ARM 0 -4 -9 0 3.44%
4.87% Jumbo 30-Year 0 -13 -23 51 4.89%
4.41% Jumbo 15-Year 0 -13 -22 63 4.46%
3/17/11 Sun Trust Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.87% 30 Yr Fixed Conventional 7 -2 -16 61 4.87%
4.23% 15 Yr Fixed Conventional 4 -12 -23 37 4.29%
5.75% 30 Yr Jumbo Fixed 10 -3 -25 51 5.77%
3.18% Agency 5/1 ARM 30 Yr 2 -5 -9 13 3.20%
3.38% Agency 7/1 ARM 30 Yr 2 -9 -17 24 3.43%
5.32% 30 Yr FHA - Fixed 2 -1 0 49 5.33%
03/17/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
4.93% 30-Year Fixed Rate 1 2 -13 54 4.94%
4.14% 15-Year Fixed-Rate 0 -2 -29 23 4.22%
3.32% 5/1 ARM Rate 8 8 2 12 3.26%
Certain Areas
4.892 30-Year Fixed Rate 1 3 -11 51 4.89%
3.167 5-Year ARM 3 3 0 5 3.14%
5.524 30-Year FRM int only 2 16 -1 40 5.49%
3.236 5-Year ARM, int only 4 2 -2 8 3.21%
* Average includes more banks than listed
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