Current Mortgage Rates Today – Lower Trend for U.S. Banks

alt text

(Best Syndication News) Most banks had lower interest rates again today with some big changes at SunTrust and PNC (see rate charts below).

30-Year Fixed Mortgage Rates

The average (mean) 30-year fixed rate mortgage (FRM) fell four basis points to 4.835 percent. The trend has been lower for six-days in a row.

After plugging the average rate into a mortgage calculator we found payments of $1,237 on a $230,000 mortgage. Rates will depend on the borrower’s credit score, the loan amount and the location of the home.



U.S. Bank had a rate of 4.83 percent, down three basis points from yesterday. The weekly and monthly trend is lower while the 100-day trend is still higher. The bank also offered 20-year loans. That rate is down seven points to 4.57 percent.

SunTrust lowered their rate one basis point to 4.89 percent. Their 30-year FHA loans were eight basis points lower to 5.25 percent.

PNC offers both 20-year and 30-year fixed home loans. Their 30-year rate was down two basis points to 4.89 percent and their starting 20-year rate was down 12 basis points to 4.77 percent.

15-Year and 5/1 ARM

The average 15-year fixed mortgage rate was six points lower to 4.262 percent today.

SunTrust kept their rate the same but PNC lowered their rate 22 basis points to 4.14 percent. Their upper end rate was 4.29 percent.

U.S. Bank lowered their 15-year rate five points to 3.90 percent. Their trend has been lower over the last 100-days.

The average 5-year adjustable rate mortgage (ARM) fell five basis points to 3.225 percent.

SunTrust made big changes to that mortgage product, lowering their rate 51 basis points in one day.

Jumbo Loans

The average 30-year jumbo mortgage rate stayed the same today while the average 15-year fixed jumbo loan rate fell five basis points to 4.474 percent.

See the chart below for more details.

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
04/19/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.835% Average 30 yr fixed -4 -11 -25 14 4.96%
4.262% Average 15 year FRM -6 -15 -17 8 4.38%
3.225% Average 5/1 ARM -5 -11 -15 -4 3.34%
5.329% 30 Yr Fixed Jumbo 0 -11 -19 13 5.42%
4.474% 15 Yr Fixed Jumbo -5 -13 -17 11 4.59%
4/19/11 U.S. Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.83% 30-Year Fixed -3 -8 -7 37 4.91%
4.57% 20-Year Fixed -7 -21 -22 6 4.76%
4.12% 15-Year Fixed -2 -13 -22 9 4.23%
3.90% 10-Year Fixed -5 -31 -22 -10 4.09%
5.27% FHA 30-Year 0 -9 -9 30 5.33%
4.59% FHA 15-Year 0 -26 -23 0 4.74%
5.10% VA 30-Year 0 -13 -13 0 5.20%
4.85% VA 15-Year 0 0 -13 0 4.85%
3.41% 3-Year ARM -3 -6 -6 -3 3.46%
3.46% 5-Year ARM 0 -9 -9 0 3.53%
4.87% Jumbo 30-Year 0 -13 -25 0 4.97%
4.41% Jumbo 15-Year 0 -13 -25 13 4.51%
4/19/11 Sun Trust Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.89% 30 Yr Fixed Conventional -1 -12 -10 37 4.98%
4.33% 15 Yr Fixed Conventional 0 -11 -11 34 4.42%
5.63% 30 Yr Jumbo Fixed 0 -15 -40 -1 5.76%
2.67% Agency 5/1 ARM 30 Yr -51 -59 -63 -45 3.23%
3.00% Agency 7/1 ARM 30 Yr -42 -49 -55 -26 3.48%
5.25% 30 Yr FHA - Fixed -8 -15 -14 44 5.39%
4/19/11 PNC - National City Bank 1 Day 5 Day 30 Day 100-Day 1 Week
3.94% 10 Year Fixed -8 -14 -51 -57 4.08%
4.14% 15 Year Fixed -22 -23 -45 -36 4.37%
4.77% 20 Year Fixed -12 -18 -56 -45 4.95%
4.89% 30 Year Fixed -2 -11 -38 -12 4.98%
Certain Areas
4.05% 10 Year Fixed -7 -7 -53 -73 4.14%
4.29% 15 Year Fixed -6 -14 -43 -81 4.43%
4.82% 20 Year Fixed -27 -38 -64 -88 5.18%
5.09% 30 Year Fixed -2 -13 -25 -27 5.19%
* 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