Current Mortgage Interest Rates Today – Citibank SunTrust and Bank of America

alt text

(Best Syndication News) Average home loan rates fell today with changes at Citibank, SunTrust and BofA (see rate tables below).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) fell two basis points to 4.934 percent. The weekly and 100-day trend is still higher.

Citibank lowered their 30-year rate one basis point to 4.92 percent. They have been lowered their rate over the last 30-days. Their interest rate has fallen 53 basis points over that period.

SunTrust lowered their rate two basis points to 4.90 percent. Their FHA mortgages fell two points to 5.32 percent.

Bank of America lowered their rate two points to 5.00 percent. This product is still 61 basis points higher over the last 100-days.

The interest rate will vary according to the credit score of the borrower. On-time payments will help qualify homebuyers for a refinance mortgage.

15-Year FRM and 5/1 ARM Rates

The average 15-year fixed rate mortgage dropped five basis points today.

Bank of America lowered their rate 11 basis points to 4.29 percent.

SunTrust lowered their rate 12 points to 4.23 percent.

The average 5-year adjustable rate mortgage increased one points to 3.298 percent. Citibank lowered their rate two points to 3.15 percent.

SunTrust lowered their rate one point and BofA kept their rate the same.

Jumbo Loans

The average 30-year jumbo loan rate fell seven points to 5.354 percent. These loans exceed the maximum allowed by Fannie Mae. The rates are usually higher because of the added risk.

The average 15-year jumbo mortgage rate fell three points to 4.502 percent.

By: John Waters
Business Reporter

Best Syndication News Mortgage Survey
Wednesday 1 Day 5 Day 30 Day 100-Day 1 Week
03/23/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.934% Average 30 yr fixed -2 2 -38 43 4.92%
4.188% Average 15 year FRM -5 -2 -46 17 4.22%
3.298% Average 5/1 ARM 1 3 -13 6 3.27%
5.354% 30 Yr Fixed Jumbo -7 5 -30 30 5.36%
4.502% 15 Yr Fixed Jumbo -3 1 -33 30 4.54%
3/23/11 Citi Financial 1 Day 5 Day 30 Day 100-Day 1 Week
4.92% 30 Year Fixed -1 -22 -53 11 5.05%
4.20% 15 Year Fixed 0 -33 -63 -29 4.41%
3.15% 5/1 Libor ARM -2 -15 -39 -28 3.26%
3/23/11 Sun Trust Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.90% 30 Yr Fixed Conventional -2 3 -37 52 4.87%
4.23% 15 Yr Fixed Conventional -12 0 -37 28 4.24%
5.78% 30 Yr Jumbo Fixed -9 3 -36 40 5.76%
3.20% Agency 5/1 ARM 30 Yr -1 2 -13 10 3.19%
3.43% Agency 7/1 ARM 30 Yr -1 5 -19 22 3.40%
5.32% 30 Yr FHA - Fixed -2 0 -36 42 5.31%
03/23/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.00% 30-Year Fixed Rate -2 7 -30 61 4.96%
4.29% 15-Year Fixed-Rate -11 15 -23 38 4.23%
3.31% 5/1 ARM Rate 0 -1 -4 11 3.30%
Certain Areas
4.943 30-Year Fixed Rate -5 5 -31 44 4.93%
3.191 5-Year ARM 0 2 -4 4 3.18%
5.562 30-Year FRM int only -1 4 -3 42 5.55%
3.248 5-Year ARM, int only 0 1 -9 2 3.24%
* 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