(LoanSafe.org) – This week is starting off with mortgage rates decreasing today at the top lenders we study daily. These details can be found below for your convenience. To search for the best rates in your area, please use our home loan search engine.
30-year fixed loans decreased at Wells Fargo under their refinance program this morning.
15-year fixed loans decreased at Chase under their home purchase program, while 30-year fixed loans decreased under their refinance program.
Nothing changed at Bank of America this morning.
30, 20, 10 and 15-year fixed rates all decreased this morning along with 3 and 5-year ARMs at US Bank.
Wells Fargo Home Purchase Rates
30-year fixed rates 4.125%
FHA 30-year fixed rates 3.875%
15-year fixed rates 3.375%
5-year Arms 2.375%
FHA 5-Year ARMs 2.750%
Wells Fargo Refinance Rates
30-year fixed rates 4.125% d
FHA 30-year fixed rates 3.875%
15-year fixed rates 3.375%
5-year Arms 2.500%
FHA 5-Year ARMs 2.750%
Chase Home Purchase Rates
30-year fixed rates 4.000%
15-year fixed rates 3.000% d
7-year ARMs 2.875%
5-year ARMs 2.500%
Chase Refinance Rates
30-year fixed rates 4.250% d
15-year fixed rates 3.375%
7-year ARMs 3.000%
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 3.000%
5-year ARMs 2.875%
Bank of America Refinance Rates
30-year fixed rates 4.500%
15-year fixed rates 3.750%
7-year ARMs 3.000%
5-year ARMs 2.875%
US Bank Fixed Rate Mortgages
30-year fixed rates 3.950% – 4.500% d
20-year fixed rates 3.875% – 4.250% d
15-year fixed rates 3.125% – 3.625% d
10-year fixed rates 2.875% -3.500% d
FHA 30-year fixed rates 4.000% -4.250%
FHA 15-year fixed rates 3.250% – 3.375%
ARMs
3-year ARMs 2.625% – 3.250% d
5-year ARMs 2.750%- 3.125% d
Places: Continental United States Alaska, Hawaii, Guam
Units General Higher Cost General Higher Cost
1 $417,000 $729,750 $625,500 $938,2502 $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
