Thursday, 27 October 2011
Mortgage Rates Today for the Top Lenders on 26 Oct 2011
Current mortgage rates today have mostly decreased this morning after the last 5 business days or so we have seen mainly incremental increases daily from the top lenders we study. All changes and current rates will be listed below for your mortgage shopping convenience.
Both regular and FHA 30-year fixed loans and 5-year ARMs all decreased at Wells Fargo this morning under their home purchase program. Regular 30-year fixed loans and FHA 5-year ARMs decreased under their refinance program.
30-year fixed loans and 7-year ARMs decreased at Chase under their home purchase program. 30 and 15-year fixed loans decreased along with 5 and 7-year ARMs under their refinance program.
At Bank of America, 30-year fixed rates and 7-year ARMs decreased as well under their home purchase program. It appears that refinance rates remained the same.
Regular and FHA 30, and regular 20 and 15-year fixed rates decreased along with 3 and 5-year ARMs at US Bank.
Wells Fargo Home Purchase Rates
30-year fixed rates 4.250%
FHA 30-year fixed rates 4.000%
15-year fixed rates 3.500%
5-year Arms 2.500%
FHA 5-Year ARMs 3.000%
Wells Fargo Refinance Rates
30-year fixed rates 4.250%
FHA 30-year fixed rates 4.000%
15-year fixed rates 3.500%
5-year Arms 2.625%
FHA 5-Year ARMs 2.875%
Chase Home Purchase Rates
30-year fixed rates 3.875%
15-year fixed rates 3.250%
7-year ARMs 2.875%
5-year ARMs 2.500%
Chase Refinance Rates
30-year fixed rates 4.125%
15-year fixed rates 3.500%
7-year ARMs 3.125%
5-year ARMs 2.625%
Bank of America Home Purchase Rates
30-year fixed rates 4.125%
15-year fixed rates 3.375%
7-year ARMs 2.875%
5-year ARMs 2.500%
Bank of America Refinance Rates
30-year fixed rates 4.375%
15-year fixed rates 3.625%
7-year ARMs 3.125%
5-year ARMs 2.750%
US Bank Fixed Rate Mortgages
30-year fixed rates 3.750% – 4.250%
20-year fixed rates 3.750% – 4.000%
15-year fixed rates 3.250 – 3.625%
10-year fixed rates 3.250% -3.375%
FHA 30-year fixed rates 3.750% – 4.000%
FHA 15-year fixed rates 3.375% – 3.750%
ARMs
3-year ARMs 2.375% – 2.875%
5-year ARMs 2.625%- 3.000%
Places: Continental United States Alaska, Hawaii, Guam
Units General Higher Cost General Higher Cost
1 $417,000 $729,750 $625,500 $938,250
2 $533,850 $934,200 $800,775 $1,201,150
3 $645,300 $1,129,250 $967,950 $1,451,925
4 $801,950 $1,403,400 $1,202,925 $1,804,375
The limit may be lower for a specific high-cost area; use the Loan Limit Look-Up Table above to see limits by location. These limits are the same as the 2010 high-cost area loan limits and apply to all Loans originated on or before September 30, 2011. Loans originated on or after October 1, 2011, will use the “permanent” high-cost area loan limits established by FHFA under a formula of 115% of the 2010 median home price, up to a maximum of $625,500 for a 1-unit property in the continental U.S.
Both regular and FHA 30-year fixed loans and 5-year ARMs all decreased at Wells Fargo this morning under their home purchase program. Regular 30-year fixed loans and FHA 5-year ARMs decreased under their refinance program.
At Bank of America, 30-year fixed rates and 7-year ARMs decreased as well under their home purchase program. It appears that refinance rates remained the same.
Regular and FHA 30, and regular 20 and 15-year fixed rates decreased along with 3 and 5-year ARMs at US Bank.
Wells Fargo Home Purchase Rates
30-year fixed rates 4.250%
FHA 30-year fixed rates 4.000%
15-year fixed rates 3.500%
5-year Arms 2.500%
FHA 5-Year ARMs 3.000%
Wells Fargo Refinance Rates
30-year fixed rates 4.250%
FHA 30-year fixed rates 4.000%
15-year fixed rates 3.500%
5-year Arms 2.625%
FHA 5-Year ARMs 2.875%
Chase Home Purchase Rates
30-year fixed rates 3.875%
15-year fixed rates 3.250%
7-year ARMs 2.875%
5-year ARMs 2.500%
Chase Refinance Rates
30-year fixed rates 4.125%
15-year fixed rates 3.500%
7-year ARMs 3.125%
5-year ARMs 2.625%
Bank of America Home Purchase Rates
30-year fixed rates 4.125%
15-year fixed rates 3.375%
7-year ARMs 2.875%
5-year ARMs 2.500%
Bank of America Refinance Rates
30-year fixed rates 4.375%
15-year fixed rates 3.625%
7-year ARMs 3.125%
5-year ARMs 2.750%
US Bank Fixed Rate Mortgages
30-year fixed rates 3.750% – 4.250%
20-year fixed rates 3.750% – 4.000%
15-year fixed rates 3.250 – 3.625%
10-year fixed rates 3.250% -3.375%
FHA 30-year fixed rates 3.750% – 4.000%
FHA 15-year fixed rates 3.375% – 3.750%
ARMs
3-year ARMs 2.375% – 2.875%
5-year ARMs 2.625%- 3.000%
Places: Continental United States Alaska, Hawaii, Guam
Units General Higher Cost General Higher Cost
1 $417,000 $729,750 $625,500 $938,250
2 $533,850 $934,200 $800,775 $1,201,150
3 $645,300 $1,129,250 $967,950 $1,451,925
4 $801,950 $1,403,400 $1,202,925 $1,804,375
The limit may be lower for a specific high-cost area; use the Loan Limit Look-Up Table above to see limits by location. These limits are the same as the 2010 high-cost area loan limits and apply to all Loans originated on or before September 30, 2011. Loans originated on or after October 1, 2011, will use the “permanent” high-cost area loan limits established by FHFA under a formula of 115% of the 2010 median home price, up to a maximum of $625,500 for a 1-unit property in the continental U.S.
