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

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(Best Syndication News) Mortgage rates were lower today for the third straight days in a row (see rate chart below).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) fell one basis point to 4.924 percent. The rate is 19 points lower for the week.

Citibank lowered their rate two basis points to 5.27 percent. Over the last five days the rate is five points higher.

U.S. bank lowered their conventional 30-year loans two basis points. The bank also offers 20-year financing. That rate fell 11 points to 4.67 percent.

Their FHA rates were nine points lower to 5.27 percent. US Bank lowered their VA loan rates 13 basis points to 5.10 percent.

Chase lowered their rate ten points to 5.08 percent.

15-Year FRM and 5/1 ARM Rates

The average 15-year fixed mortgage rate fell one point to 4.395 percent.

Chase lowered their rate four points to 4.30 percent.

Typically, 15-year loans carry lower interest rates but higher payments. They can be paid off quicker with an overall savings in payments.

The average 5-year adjustable rate mortgage (ARM) fell one point to 3.319 percent.

U.S. bank lowered their 5-year ARM rate four points to 3.51 percent.

Jumbo Mortgage Rates

The average 30-year fixed jumbo mortgage rate fell four basis points to 5.392 percent.

The average 15-year jumbo loans were five points lower to 4.558 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
04/14/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.924% Average 30 yr fixed -1 -19 -11 24 5.04%
4.395% Average 15 year FRM -1 3 -1 22 4.39%
3.319% Average 5/1 ARM -1 -2 -2 6 3.36%
5.392% 30 Yr Fixed Jumbo -4 -11 -9 21 5.47%
4.558% 15 Yr Fixed Jumbo -5 -10 -5 24 4.63%
4/14/11 Citi Financial 1 Day 5 Day 30 Day 100-Day 1 Week
5.27% 30 Year Fixed -2 5 8 49 5.29%
4.81% 15 Year Fixed -4 38 20 37 4.72%
3.43% 5/1 Libor ARM 0 9 1 3 3.43%
4/14/11 U.S. Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.90% 30-Year Fixed -2 -5 6 45 4.93%
4.67% 20-Year Fixed -11 -27 0 17 4.87%
4.19% 15-Year Fixed -6 -15 -4 20 4.29%
4.06% 10-Year Fixed -6 -6 -6 13 4.14%
5.27% FHA 30-Year -9 -9 0 30 5.36%
4.59% FHA 15-Year -26 -23 -13 0 4.83%
5.10% VA 30-Year -13 -26 0 0 5.31%
4.85% VA 15-Year 0 0 0 0 4.85%
3.44% 3-Year ARM -3 -3 0 -3 3.47%
3.51% 5-Year ARM -4 -4 0 4 3.55%
4.87% Jumbo 30-Year -13 -25 -13 0 5.04%
4.41% Jumbo 15-Year -13 -25 -13 25 4.61%
04/14/11 Chase 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.08% 30-Year Fixed Rate -10 -13 -2 39 5.18%
4.91% 20-Year Fixed Rate -9 -18 -8 28 5.03%
4.30% 15-Year Fixed Rate -4 -5 -9 18 4.34%
3.48% 7/1 ARM -6 -11 -11 -11 3.56%
3.23% 5/1 ARM -4 -6 -4 -13 3.28%
* Average includes more banks than listed
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