Mortgage Interest Rates In Favor of Buyers at Bank of America, Wells Fargo, and SunTrust

Bank of America agreed to  a settlement worth $650 million on Tuesday with the American International Group for resolving the claims of residential mortgage-backed securities. All these legal costs reduced the bank’s income from $4 billion (2013) to $2.3 billion in 2014.

Bank of America

The 30 year fixed rate home loan packages are coming out at an interest rate of 4.125% and are backed by an annual percentage rate of 4.281%. The mortgage provider highlights the popular 15 year fixed rate mortgage deals in its loan books at an interest rate of 4.000% and an APR yield of 4.187%. 5 year adjustable rate mortgage home loan packages, are now traded at a starting rate of 3.375% and an annual return of 3.554%.

30 year fixed rate mortgage loans are being advertised at an interest rate of 4.250% and an APR yield of 4.364% today. The relatively shorter, 15 year refinancing fixed rate mortgage options are now up for grabs at a lending price of 4.125% and an APR yield of 4.271% for the initial years of the home loan period. The seekers of variable interest rates can opt for the ideal 5 year refinancing adjustable rate mortgage plans, which are now traded at a starting interest price of 3.375% and are carrying an annual return rate equivalent to 3.619% on the initial amount of the loan secured from the bank.

Wells Fargo

30 year fixed rate mortgage loans are being advertised at a lending rate of 4.375% and are backed by an annual percentage rate of 4.586%. 15 year fixed rate mortgage home loans are traded at an interest price of 3.625% and an APR yield of 3.835% on July 18, 2014.

30 year fixed rate mortgage home loans can be spotted at a lending rate of 4.250% and an APR yield of 4.335% today. The 15 year refinancing fixed rate mortgage plans can now be locked in at an interest rate of 3.500% and an annual percentage rate of 3.647%.

SunTrust

30 year fixed rate mortgage home loan deals are traded at an interest rate of 4.375% and an annual percentage rate of 4.4853%. 15 year fixed rate mortgage packages are traded at an interest rate of 3.300% and an APR yield of 3.5109% today.

The 5 year adjustable rate mortgage home loans are priced at a starting interest rate of 3.200% and an APR yield of 3.0908% to start with. The more flexible, 7 year adjustable rate mortgage home loans can be locked in at an interest rate of 3.750% and an APR yield of 3.3954% this Friday.

Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.