Today’s Mortgage Rates for 7/3/12

(LoanSafe.org) — On the day before the 4th of July holiday, it appears that mortgage rates have mostly went down again at the top lenders under their home loan programs. 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 mortgage deal in your area. There will be no rate report on the July 4th holiday.

Regular and FHA 30-year fixed loans decreased along with regular 15-year fixed loans at Wells Fargo under their home purchase program. FHA 30 and regular 15-year fixed loans decreased under their refinance program.

30-year fixed loans decreased at Chase under their home purchase program.

Nothing seemed to have changed this morning at Bank of America under either their home purchase or refinance programs.

30 and 20-year fixed rates decreased along with 3 and 5-year ARMs at US Bank.

Wells Fargo Home Purchase Rates

30-year fixed rates 3.750%
FHA 30-year fixed rates 3.500%
15-year fixed rates 2.875%
5-year Arms 2.375%
FHA 5-Year ARMs 2.500%

Wells Fargo Refinance Rates

30-year fixed rates 3.875%
FHA 30-year fixed rates 3.375%
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 2.250%

Chase Refinance Rates

30-year fixed rates 3.875%
15-year fixed rates 3.000%
7-year ARMs 2.625%
5-year ARMs 2.375%

Bank of America Home Purchase Rates

30-year fixed rates 3.500%
15-year fixed rates 2.875%
7-year ARMs 2.750%
5-year ARMs 2.375%

Bank of America Refinance Rates

30-year fixed rates 3.875%
15-year fixed rates 3.375%
7-year ARMs 2.750%
5-year ARMs 2.375%

US Bank Fixed Rate Mortgages

30-year fixed rates 3.500% – 3.875%
20-year fixed rates 3.250%  – 3.750%
15-year fixed rates 2.750% – 3.250%
10-year fixed rates 2.750% – 2.950%
FHA 30-year fixed rates 3.500% – 3.750%
FHA 15-year fixed rates 2.750% – 3.000%

ARMs

3-year ARMs 2.375% – 2.875%
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