Current Mortgage Interest Rates Today – Citibank Chase and Bank of America make changes

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(Best Syndication News) Mortgage rates declined today but Chase and Bank of America raised their loan rates (see chart below). Citibank drastically lowered their home loans.

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) fell one basis point to 4.91 percent. Over the last 30-days the rate has fallen 34 basis points. The 100-day trend is still higher.

PNC lowered their rate while HSBC raised them. Citibank lowered their 30-year mortgages 21 basis points to 4.92 percent.

Chase raised their rate ten basis points to 5.19 percent. The bank raised 15-year fixed rates three points to 4.99 percent.

Bank of America raised their conventional loans seven points to 5.00 percent. In some areas they increased their rate two points to 4.93 percent.

15-Year FRM and 5/1 ARM

The average 15-year fixed rate mortgage fell two basis points to 4.202 percent. Citibank lowered their rate 37 points to 4.20 percent. That was a major decrease.

Chase and Bank of America bucked the trend and raised their rates. Bank of America increased their rate 13 basis points to 4.29 percent.

The average 5-year adjustable rate mortgage (ARM) fell one basis point to 3.264 percent.

Citibank dropped their rate 19 points to 3.15 percent.

Jumbo Loan Rates

Jumbo loans were higher today. The average 30-year fixed rate mortgage jumped 14 basis points to 5.452 percent. 15-year jumbos also advanced.

See the chart below for more details.

By: John Waters
Business Reports

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Monday 1 Day 5 Day 30 Day 100-Day 1 Week
03/21/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.912% Average 30 yr fixed -1 -2 -34 49 4.93%
4.202% Average 15 year FRM -2 -2 -38 26 4.23%
3.264% Average 5/1 ARM -1 0 -13 4 3.26%
5.452% 30 Yr Fixed Jumbo 14 17 -15 49 5.31%
4.736% 15 Yr Fixed Jumbo 23 27 1 63 4.49%
3/21/11 Citi Financial 1 Day 5 Day 30 Day 100-Day 1 Week
4.92% 30 Year Fixed -21 -24 -51 28 5.13%
4.20% 15 Year Fixed -37 -37 -66 -11 4.54%
3.15% 5/1 Libor ARM -19 -15 -34 -26 3.31%
03/21/11 Chase 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.19% 30-Year Fixed Rate 10 12 -15 61 5.08%
4.99% 20-Year Fixed Rate 3 9 -25 52 4.93%
4.35% 15-Year Fixed Rate 5 7 -16 25 4.30%
3.54% 7/1 ARM 6 5 -37 11 3.51%
3.24% 5/1 ARM 4 4 -23 1 3.21%
03/21/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.00% 30-Year Fixed Rate 7 0 -18 61 4.94%
4.29% 15-Year Fixed-Rate 13 2 -18 38 4.18%
3.30% 5/1 ARM Rate -1 -1 -9 10 3.29%
Certain Areas
4.93 30-Year Fixed Rate 2 1 -20 52 4.91%
3.179 5-Year ARM 1 2 -1 5 3.16%
5.56 30-Year FRM int only 2 3 -2 43 5.53%
3.247 5-Year ARM, int only 2 2 -6 5 3.23%
* Average includes more banks than listed
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