Current mortgage rates at the nation’s top lenders for this Monday morning are mostly stable from last week’s report. The 30 year fixed mortgage national average is 4.45% and the average rate for the 15-year mortgage is 3.91%.
Rates for the 5-year adjustable-rate mortgage (ARM) are at 3.68% and 1 year ARM is 2.68%. The average 30-year fixed FHA loan rate is 4.35% and jumbo loan rate for the 30-year is 4.58%.
Bank of America is reporting its 30 year fixed is 4.375% and the 15-year mortgage is 4.00%. The 10/1 ARM is 4.00% and the 5/1 ARM is 3.625%.
The 30-year fixed rate at Wells Fargo is 4.625% and the 15-year fixed is 4.125%. The 30-year refinance rate is 4.75% and the 15-year mortgage is 4.25%.
Today at Chase Mortgage, the 30-year fixed purchase mortgage rate is 4.375% and the 15 year is 3.875%. 30-year fixed mortgage refinance rates are at 4.375% and the 15-year fixed is at 3.875%.
The rates quoted above can change at any time and are not guaranteed. If you would like a live rate quote and/or to discuss other possible mortgage options, please call me, Erik Sandstrom, at 1-800-779-4547; or email me at Erik.Sandstrom@PrimeLending.com.