Home Loans and Support

Mortgage Rates Today – 11/5-2012

(LoanSafe.org) — According to today’s Monday morning report, mortgage rates have both gone up and down at the top lenders we study daily here on LoanSafe. To view the changes from Friday’s report, please see the details below or feel free to use our rate search engine to find the best home loan for you in your area.

5-year ARMs decreased at Wells Fargo under their refinance program.

At Chase, 5-year ARMs decreased under their home purchase program.

30-year fixed rates and 5-year ARMs increased at Bank of America under both their home purchase and refinance programs.

10 and 30-year fixed rates increased at US Bank.

Wells Fargo Home Purchase Rates

30-year fixed rates 3.500%
FHA 30-year fixed rates 3.250%
15-year fixed rates 2.750%
5-year Arms 2.250%
FHA 5-Year ARMs 2.375%

Wells Fargo Refinance Rates

30-year fixed rates 3.625%
FHA 30-year fixed rates 3.250%
15-year fixed rates 2.750%
5-year Arms 2.375%
FHA 5-Year ARMs 2.250%

Chase Home Purchase Rates

30-year fixed rates 3.250%
15-year fixed rates 2.500%
7-year ARMs 2.375%
5-year ARMs 2.000%

Chase Refinance Rates

30-year fixed rates 3.500%
15-year fixed rates 2.750%
7-year ARMs 2.750%
5-year ARMs 2.625%

Bank of America Home Purchase Rates

30-year fixed rates 3.500%
15-year fixed rates 2.750%
7-year ARMs 2.625%
5-year ARMs 2.625%

Bank of America Refinance Rates

30-year fixed rates 3.750%
15-year fixed rates 2.875%


7-year ARMs 2.625%
5-year ARMs 2.625%

US Bank Fixed Rate Mortgages

30-year fixed rates 3.500% – 3.750%
20-year fixed rates 3.250%  – 3.625%
15-year fixed rates 2.500% – 2.950%
10-year fixed rates 2.500% – 2.950%
FHA 30-year fixed rates 3.250% – 3.500%
FHA 15-year fixed rates 2.750% – 2.875%

ARMs

3-year ARMs 2.750% 3.625%
5-year ARMs 2.500%- 2.875%

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.


About Moe Bedard

My name is Maurice Bedard, but most people call me Moe. I am the founder of America's #1 Mortgage Forum, LoanSafe.org, and also a website design firm called We Create Web Designs. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications. I currently live in Carlsbad, California with my beautiful wife and children.

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