Monday’s Bank of America and Wells Fargo Mortage Rates
Mortgage rates remain steady kicking off the week, despite unstable world events and an even more unstable stock market, as analyst say that the weakness in the stock mark will keep mortgage rates from rising.
The 30 year fixed interest rates at Bank of America (NYSE:BAC) are currently at 4.75 percent with 1.25 points.Wells Fargo as well as Chase Bank offers there 30 year fixed interest rate at 5 percent while CitiMortgage’s 30 year fixed interest rate is 4.875 percent.
A fixed FHA loan for 30 years at Wells Fargo (NYSE:WFC) is currently at 4.75 percent and has an APR of 5.374 percent.
15 year loans at both Bank of America and CitiMortgage also remain stable at 4.125 percent while Chase Bank and Wells Fargo offers a 15 year loan at 4.25%. The 30 year refinance mortgage rates at Bank of America is listed as 4.875 percent with 0.75 points and an APR of 5.074. Wells Fargo offers a refinance mortgage rate for 30 years is listed at 5% with 1 point and an APR of 5.191 percent.
15 year fixed refinance mortgage rates are offered at 4.25 percent with 1 point and an APR of 4.573 percent at Wells Fargo. Bank of America is also offering the same loan at 4.125 percent with 1.50 points and an APR of 4.578 percent.