(LoanSafe.org) — According to this morning’s research, mortgage rates are mostly down at the two of the four top lenders we study daily here on LoanSafe. 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 or Chase under either their home purchase or refinance programs.
30-year fixed rates decreased at Bank of America under their home purchase program.
FHA and regular 30 and regular 10-year fixed rates decreased at US Bank.
Wells Fargo Home Purchase Rates
30-year fixed rates 3.625%
FHA 30-year fixed rates 3.250%
15-year fixed rates 2.875%
5-year Arms 2.250%
FHA 5-Year ARMs 2.500%
Wells Fargo Refinance Rates
30-year fixed rates 3.500%
FHA 30-year fixed rates 3.250%
15-year fixed rates 2.625%
5-year Arms 2.125%
FHA 5-Year ARMs 2.250%
Chase Home Purchase Rates
30-year fixed rates 3.375%
15-year fixed rates 2.625%
7-year ARMs 2.375%
5-year ARMs 2.000%
Chase Refinance Rates
30-year fixed rates 3.625%
15-year fixed rates 2.875%
7-year ARMs 2.500%
5-year ARMs 2.250%
Bank of America Home Purchase Rates
30-year fixed rates 3.375%
15-year fixed rates 2.750%
7-year ARMs 2.625%
5-year ARMs 2.250%
Bank of America Refinance Rates
30-year fixed rates 3.750%
15-year fixed rates 3.125%
7-year ARMs 2.625%
5-year ARMs 2.250%
US Bank Fixed Rate Mortgages
30-year fixed rates 3.500% – 3.875%
20-year fixed rates 3.375% – 3.625%
15-year fixed rates 2.875% – 3.250%
10-year fixed rates 2.750% – 3.000%
FHA 30-year fixed rates 3.375% – 3.500%
FHA 15-year fixed rates 2.750% – 3.000%
ARMs
3-year ARMs 3.375% – 4.125%
5-year ARMs 2.275%- 3.125%
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 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
