Todays Rate

(LoanSafe.org) – This week is ending with very few lenders making any big changes with mortgage rates staying pretty stable throughout the week. However, the lenders that did change rates. seem to have mostly decreased with only one increase that was found today.

No loans changed today at Wells Fargo Home Mortgage under their home purchase or refinance programs.

At Chase Mortgage, only 30-year fixed loans decreased under their refinance program.

Bank of America Home Loans was the lender who revealed an increase this morning, which is 7-year ARMs under their refinance program.

US Bank revealed the most changes this morning. 30, 20, 10 and FHA 30-year fixed loan programs saw rates decreased along with 3 and 5-year ARMs at US Bank.

Wells Fargo Home Purchase Rates:

30-year fixed: 4.875%
30-year fixed FHA: 4.750%
15-year fixed 4.250%
5-year ARM: 3.250%
5-year ARM FHA 3.625%

Wells Fargo Refinance Rates:

30-year fixed: 5.000%
30-year fixed FHA: 4.750%
15-year fixed 4.250%
5-year ARM: 3.500%
5-year ARM FHA 3.625%

Chase Home Purchase Rates:

30-year fixed 4.875%
15-year fixed: 4.000%
7/1 ARM 3.625%
5/1 ARM 3.125%

Chase Refinance Rates:

30-year fixed 4.875%
15-year fixed: 4.125%
7/1 ARM 3.750%
5/1 ARM 3.375%

Bank of America Home Purchase Rates:

30-year fixed 4.875%
15-Year Fixed Rate 4.125%
7=year ARM 3.625%
5-year ARM 3.125%

Bank of America Refinance Rates

30-year fixed 4.875%
15-Year Fixed Rate 4.125%
7=year ARM 3.750%
5-year ARM 3.250%

US Bank Fixed Rates

30-year fixed 4.750%-4.875%
20-year fixed 4.375%-4.750%
15-year fixed 3.875%-4.250%
10-year fixed 3.500% – 3.875%
FHA 30-year fixed 4.750%
FHA 15-year fixed 4.250%

US Bank ARMS

3-year ARM 2.625% – 3.250%
5-year ARM 3.125% – 3.375%

DISCLAIMER: Maximum Original Principal Balance for Loans Closed in 2011

Places: Continental United States            Alaska, Hawaii, Guam

Units     General         Higher Cost          General      Higher Cost
1            $417,000     $729,750             $625,500     $938,250

2            $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 loans originated on or before September 30, 2011. Loans originated on or after October 1, 2011, will use the “permanent” high-cost area loan limits established by FHFA under a formula of 115% of the 2010 median home price, up to a maximum of $625,500 for a 1-unit property in the continental U.S.