Current Mortgage Rates Today – Current Trends Higher for SunTrust and PNC - BofA Lower

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(Best Syndication News) Home Loan rates were higher across the board today (see rate charts below). Bank of America bucked the trend and lowered their interest rates.

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) was higher today. The average jumped three basis points to 5.048 percent.

After we plug the average interest rate into a mortgage calculator we found monthly payments of $1,538.

SunTrust increased their 30-year conventional rates five basis points to 5.00 percent. Their FHA 30-year loans were one point higher to 5.40 percent.

In certain areas PNC raised their rate one point to 4.97 percent. Their top end rate was 5.21 percent today.

Bank of America lowered their rate one point to 5.02 percent.

15-Year FRM and 5/1 ARM rates

The average 15-year fixed mortgage rate jumped two points to 4.364 percent. Bank of America lowered their rate two points to 4.43 percent.

SunTrust raised their 15-year rates two points to 4.42 percent. PNC raised their rate four points to 4.39 percent.

The average 5-year adjustable rate mortgage increased one basis point to 3.355 percent.

Jumbo Loans

The average 30-year jumbo mortgage rate increased one point to 5.474 percent. These loans are riskier for the banks and carry a higher rate. The average 15-year jumbo rate increased four points.

By: John Waters
Business Reporter

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Wednesday 1 Day 5 Day 30 Day 100-Day 1 Week
03/30/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
5.048% Average 30 yr fixed 3 9 -19 59 4.98%
4.364% Average 15 year FRM 2 10 -23 43 4.29%
3.355% Average 5/1 ARM 1 6 -7 15 3.32%
5.474% 30 Yr Fixed Jumbo 1 9 -14 49 5.41%
4.659% 15 Yr Fixed Jumbo 4 6 -11 54 4.59%
3/30/11 Sun Trust Bank 1 Day 5 Day 30 Day 100-Day 1 Week
5.00% 30 Yr Fixed Conventional 5 8 -13 72 4.94%
4.42% 15 Yr Fixed Conventional 2 6 -9 55 4.37%
5.91% 30 Yr Jumbo Fixed 2 4 -23 64 5.84%
3.27% Agency 5/1 ARM 30 Yr 1 5 -9 21 3.24%
3.50% Agency 7/1 ARM 30 Yr 1 6 -12 32 3.47%
5.40% 30 Yr FHA - Fixed 1 5 -4 58 5.37%
PNC - National City Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.05% 10 Year Fixed 3 5 -82 5 3.99%
4.39% 15 Year Fixed 4 13 -60 25 4.28%
4.92% 20 Year Fixed 1 4 -66 10 4.89%
4.97% 30 Year Fixed 1 7 -53 21 4.92%
Certain Areas
4.13% 10 Year Fixed 0 0 -104 -15 4.09%
4.43% 15 Year Fixed 11 13 -78 -36 4.30%
5.20% 20 Year Fixed 9 13 -66 -3 5.09%
5.21% 30 Year Fixed 10 13 -63 10 5.12%
03/30/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.02% 30-Year Fixed Rate -1 1 -14 87 5.02%
4.43% 15-Year Fixed-Rate -2 2 -1 85 4.41%
3.37% 5/1 ARM Rate 1 4 1 21 3.34%
Certain Areas
5 30-Year Fixed Rate -1 5 -4 88 4.99%
3.264 5-Year ARM 1 5 3 21 3.24%
5.581 30-Year FRM int only -1 2 3 57 5.58%
3.314 5-Year ARM, int only 0 4 1 23 3.30%
* Average includes more banks than listed
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