Mortgage Interest Rates Today – Bank of America Chase HSBC and Citibank

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(Best Syndication News) Mortgage rates were higher today with changes at HSBC, Citibank, Chase and Bank of America (see chart below).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) jumped five basis points to 5.095 percent.

HSBC raised their purchase and refinance rates 13 points to 5.40 percent. The bank also raised their CommunityWorks 30-year mortgages 13 basis points 5.02 percent. Their VA and FHA financing remained the same.

Citibank raised their rate eight basis points to 5.29 percent.

Chase Bank raised their rate two points to 5.21 percent. The bank also offered 20-year fixed mortgages at 5.08 percent.

Bank of America raised their rate two points to 5.06 percent.

15-Year FRM and 5/1 ARM Rates

The average 15-year fixed mortgage rate advanced four points to 4.388 percent.

HSBC raised their 15-year mortgages rates 13 basis points to 4.75 percent. Citibank increased their rate 16 basis points 4.85 percent.

The average 5/1 adjustable rate mortgage (ARM) increased one basis point to 3.360 percent.

BofA increased their ARM rate two points to 3.257 percent.

Jumbo Loans

The average 30-year jumbo mortgage jumped two points to 5.468 percent while the average 15-year FRM jumbo fell one point to 4.620 percent.

By John Waters
Business Reporter

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Tuesday 1 Day 5 Day 30 Day 100-Day 1 Week
04/05/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
5.095% Average 30 yr fixed 5 5 -9 64 5.04%
4.388% Average 15 year FRM 4 2 -18 43 4.35%
3.360% Average 5/1 ARM 1 1 -2 16 3.35%
5.468% 30 Yr Fixed Jumbo 2 -1 -8 50 5.46%
4.620% 15 Yr Fixed Jumbo -1 -4 -11 46 4.64%
Tuesday 1 Day 5 Day 30 Day 100-Day 1 Week
04/05/11 HSBC Point Ch. Point Ch. Point Ch. Point Ch. Average
4.75% 15 Year Purchase 13 13 0 39 4.62%
4.75% 15 Year Refinance 13 13 0 39 4.62%
5.40% 30 Year Purchase 13 13 13 39 5.28%
5.40% 30 Year Refinance 13 13 13 39 5.28%
5.19% 30 Year FHA/VA Purchase 0 0 -13 51 5.19%
5.19% 30 Year FHA/VA Refinance 0 0 -13 51 5.19%
5.02% 30 Year CommunityWorks 13 13 13 64 4.90%
3.23% 3/1 YR LIBOR ARM 0 0 0 7 3.23%
3.44% 5/1 YR LIBOR ARM 0 5 5 21 3.41%
4/5/11 Citi Financial 1 Day 5 Day 30 Day 100-Day 1 Week
5.29% 30 Year Fixed 8 10 2 67 5.21%
4.85% 15 Year Fixed 16 16 12 65 4.70%
3.48% 5/1 Libor ARM 2 4 5 13 3.45%
04/05/11 Chase 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.21% 30-Year Fixed Rate 2 1 -1 61 5.18%
5.08% 20-Year Fixed Rate 10 7 -2 49 5.01%
4.37% 15-Year Fixed Rate 2 -2 -12 34 4.37%
3.54% 7/1 ARM 0 -11 -12 7 3.59%
3.28% 5/1 ARM 0 -1 -3 1 3.29%
04/05/11 Bank of America 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.06% 30-Year Fixed Rate 2 3 0 66 5.03%
4.43% 15-Year Fixed-Rate 0 0 -2 52 4.42%
3.41% 5/1 ARM Rate 5 4 4 25 3.38%
Certain Areas
5.016 30-Year Fixed Rate 4 2 -3 65 5.01%
3.257 5-Year ARM 2 -1 3 19 3.26%
5.536 30-Year FRM int only -1 -5 -2 48 5.57%
3.309 5-Year ARM, int only 2 0 1 22 3.31%
* Average includes more banks than listed
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