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| Mortgage rates |
Mortgage rates through the weekend at Bank of America remain at “buyer friendly” levels. 30-year interest rates today are 4.625%, a rate not matched by any of the other big four lenders.
Current 30 year fixed rates at CitiMortgage are 4.75%. Wells Fargo and Chase Bank are both quoting 4.875% as well as PNC who is quoting a range of 4.875% to 5.50%.
15 year fixed mortgage rates at Bank of America and CitMortgage are 4.000%. Chase Bank is at 4.125% and Wells Fargo at bit higher at 4.25%. PNC’s best mortgage rate for the loan is 4.375%.
Refinance mortgages are similar in rate but the points are generally a little lower. Wells Fargo is offering 4.75% and 4.25% for refinances and Bank of America is quoting 4.75% and 4.125% for the 30 and 15 year fixed refinances.
Weak employment news in the form of increased unemployment claims for the week weighed on the stock market resulting in bond buying activity and easing the pressure on the upper trend of mortgage rates. The unemployment claims report followed on the heels of the December non-farm jobs report which showed anemic growth of 103,000 new private sector jobs. The number was viewed negatively because it is not enough to keep pace with population growth.
Information Source : Google and Yahoo Search
Current 30 year fixed rates at CitiMortgage are 4.75%. Wells Fargo and Chase Bank are both quoting 4.875% as well as PNC who is quoting a range of 4.875% to 5.50%.
15 year fixed mortgage rates at Bank of America and CitMortgage are 4.000%. Chase Bank is at 4.125% and Wells Fargo at bit higher at 4.25%. PNC’s best mortgage rate for the loan is 4.375%.
Refinance mortgages are similar in rate but the points are generally a little lower. Wells Fargo is offering 4.75% and 4.25% for refinances and Bank of America is quoting 4.75% and 4.125% for the 30 and 15 year fixed refinances.
Weak employment news in the form of increased unemployment claims for the week weighed on the stock market resulting in bond buying activity and easing the pressure on the upper trend of mortgage rates. The unemployment claims report followed on the heels of the December non-farm jobs report which showed anemic growth of 103,000 new private sector jobs. The number was viewed negatively because it is not enough to keep pace with population growth.
Information Source : Google and Yahoo Search
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