Current Mortgage Rates Higher Today – US Bank PNC and Chase Change Direction

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(Best Syndication News) Mortgage interest rates were higher today following a five-day trend (see rate charts below). Bank of America and Citibank made minor changes while PNC and US Bank make major ones.

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) jumped two points to 4.954 percent. We plugged that rate into a mortgage calculator and found monthly payments of $1,335 on a $250,000 loan.

Conventional rates have been declining over the last 30 days but are still higher over the 100-day period. The average for the last week is 4.93 percent.

U.S. Bank raised their rate 10 basis points to 4.84 percent. The lender also offers 20-year fixed loans. That rate was up seven basis points to 4.64 percent.

PNC raised their rate 2 basis points to 4.90 percent. Like U.S. Bank, they also offer 20-year financing. This rate went up three points to 4.88 percent.

Chase raised their rate two basis points to 5.09 percent. Chase offered their 20-year loans for 4.97 percent.

15-Year FRM and 5-Year ARM

The 15-year mortgages offer shorter terms and lower rates. Home buyers can pay off their loan earlier but the payments are higher.

The average 15-year FRM increased seven points to 4.261 percent. PNC raised their rate 15 basis points to 4.27 percent.

The average 5-year adjustable rate mortgage (ARM) went down one basis point to 3.290 percent.

Chase raised their rate three points to 3.27 percent.

Jumbo Loan Rates

The average 30-year jumbo jumped three points to 5.384 percent and the average 15-year jumbo increased 10-points to 4.603 percent.

U.S. Bank kept their 30-year jumbo mortgage rates the same but raised their 15-year rate 13 points to 4.54 percent.

By John Waters
Business Reporter

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Thursday 1 Day 5 Day 30 Day 100-Day 1 Week
03/24/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.954% Average 30 yr fixed 2 4 -37 45 4.93%
4.261% Average 15 year FRM 7 3 -42 25 4.21%
3.290% Average 5/1 ARM -1 2 -14 5 3.28%
5.384% 30 Yr Fixed Jumbo 3 7 -29 36 5.37%
4.603% 15 Yr Fixed Jumbo 10 10 -25 41 4.55%
3/24/11 U.S. Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.84% 30-Year Fixed 10 14 -23 48 4.74%
4.64% 20-Year Fixed 7 11 -35 22 4.56%
4.14% 15-Year Fixed 4 6 -39 40 4.09%
4.13% 10-Year Fixed 17 17 -31 35 3.99%
5.27% FHA 30-Year 4 17 -35 43 5.15%
4.59% FHA 15-Year 0 0 -51 3 4.59%
5.10% VA 30-Year 0 0 -51 26 5.10%
4.85% VA 15-Year 0 0 -51 25 4.85%
3.44% 3-Year ARM 0 3 -11 0 3.42%
3.51% 5-Year ARM 0 4 -9 4 3.47%
4.87% Jumbo 30-Year 0 0 -48 25 4.87%
4.54% Jumbo 15-Year 13 13 -34 63 4.41%
3/24/11 PNC - National City Bank 1 Day 5 Day 30 Day 100-Day 1 Week
3.99% 10 Year Fixed 11 -1 -112 -1 3.91%
4.27% 15 Year Fixed 15 15 -85 15 4.12%
4.88% 20 Year Fixed 3 6 -98 32 4.83%
4.90% 30 Year Fixed 2 4 -75 38 4.86%
Certain Areas
4.13% 10 Year Fixed 20 17 -115 -13 3.96%
4.31% 15 Year Fixed 9 2 -98 -38 4.25%
5.07% 20 Year Fixed 10 22 -105 24 4.90%
5.09% 30 Year Fixed 0 11 -78 24 5.01%
03/24/11 Chase 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.09% 30-Year Fixed Rate 2 1 -26 28 5.10%
4.97% 20-Year Fixed Rate 8 1 -38 25 4.94%
4.32% 15-Year Fixed Rate 6 2 -32 7 4.30%
3.59% 7/1 ARM 6 11 -43 6 3.51%
3.27% 5/1 ARM 3 8 -24 -1 3.22%
* Average includes more banks than listed
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