Mortgage Rates Roundup Today: Wells Fargo (NYSE:WFC) And TD Bank (NYSE:TD) Drop Home Purchase Interest Rates
Mortgage rates for home purchases were mixed today as some major US lenders like Bank of America (NYSE:BAC) raised their rates, while others including Wells Fargo (NYSE:WFC), TD Bank (NYSE:TD) and KeyBank (NYSE:KEY) lowered their interest rates.
For instance, today at Wells Fargo the 30-year fixed rate mortgage package can be locked in and taken out for as low as 3.750% and an APR variable of 3.916%. Similarly, the 15-year fixed deal can be secured at a decent rate, as it’s now being offered for 3.250% and an annual percentage rate of 3.543%.
ARM loans look attractive as well at Wells Fargo, particularly the 5-year adjustable rate mortgage, which is now available at a rate of 2.250% and an APR yielding to 3.145%.
Moving on to other lenders, TD Bank offers the 30-year FRM loan today at a rate of 4.010% and an APR of 4.063%. In case of the 15-year fixed alternative packages, they are up for grabs at a rate of 3.195% and an APR variable of 3.288%.
KeyBank is one of the other lenders, which lowered its home purchase interest rates compared to yesterday. The 30-year FRM deal at KeyBank can be secured today at a rate of 4.040% and an APR amounting to 4.092%, while the shorter, 15-year fixed option can be locked in and taken home for as low as 3.375% and an APR of 3.468%.
On the other hand, home purchase interest rates at Bank of America are now up compared to yesterday, as the 30-year FRM deal can be picked up at a rate of 4.125% and an APR yielding to 4.256%. The 15-year fixed type loan at Bank of America carries a rate of 3.375% and an annual percentage rate of 3.658%.
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