Today’s Mortgage Rates for 7/13/12

(LoanSafe.org) – It appears this Friday morning that mortgage rates have lowered at the lenders we study daily. To view these changes from yesterday’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. Nothing changed this morning at Wells Fargo under their home purchase or refinance programs.

15-year fixed loans decreased under their refinance program.

Mortgage rates remained the same at Bank of America this morning.

Regular and FHA 30 and 15 along with regular 20 and 10-year fixed rates decreased at US Bank along with 3 and 5-year ARMs.

Wells Fargo Home Purchase Rates

30-year fixed rates 3.625%
FHA 30-year fixed rates 3.375%
15-year fixed rates 2.875%
5-year Arms 2.250%
FHA 5-Year ARMs 2.375%

Wells Fargo Refinance Rates

30-year fixed rates 3.750%
FHA 30-year fixed rates 3.250%
15-year fixed rates 2.875%
5-year Arms 2.375%
FHA 5-Year ARMs 2.250%

Chase Home Purchase Rates

30-year fixed rates 3.375%
15-year fixed rates 2.750%
7-year ARMs 2.500%
5-year ARMs 2.375%

Chase Refinance Rates

30-year fixed rates 3.750%
15-year fixed rates 2.875%
7-year ARMs 2.625%
5-year ARMs 2.500%

Bank of America Home Purchase Rates

30-year fixed rates 3.375%
15-year fixed rates 2.750%
7-year ARMs 2.750%
5-year ARMs 2.375%

Bank of America Refinance Rates

30-year fixed rates 3.750%
15-year fixed rates 3.125%
7-year ARMs 2.750%
5-year ARMs 2.375%

US Bank Fixed Rate Mortgages

30-year fixed rates 3.375% – 3.875%
20-year fixed rates 3.250%  – 3.625%
15-year fixed rates 2.750% – 3.125%
10-year fixed rates 2.750% – 2.875%
FHA 30-year fixed rates 3.250% – 3.500%
FHA 15-year fixed rates 2.750% – 2.875%

ARMs

3-year ARMs 2.500% – 3.125%
5-year ARMs 2.375%- 2.625%

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 Loansoriginated on or before September 30, 2011. Loans originated on or after October 1, 2011, will use the “permanent” high-cost area loanlimits established by FHFA under a formula of 115% of the 2010 medianhome price, up to a maximum of $625,500 for a 1-unit property in the continental U.S