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Mortgage Rates Today, Wednesday, July 20

July 20, 2016
Mortgage Rates, Mortgages
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Thirty-year fixed mortgage rates are unchanged Wednesday, while 15-year fixed rates are higher and 5/1 ARM rates are up slightly, according to a survey of national lenders by NerdWallet.

The NerdWallet Mortgage Rate Index compiles annual percentage rates, which include lender interest rates plus fees and are the most accurate way for consumers to compare rates. Here are today’s average rates for the most popular loan terms:

Purchase Mortgage Rates: July 20, 2016

(Change from 7/19)

30-year fixed: 3.64% APR (NC)

15-year fixed: 3.06% APR (+0.03)

5/1 ARM: 3.45% APR (+0.02)

 

Wells Fargo, Chase and BOA mortgage rates

Three major components of the NerdWallet Mortgage Rate Index are leading lenders Wells Fargo, Chase and Bank of America. Their current purchase mortgage rates are:

Bank mortgage rates 7/20

 30-year fixed15-year fixed5/1 ARM
Wells Fargo3.67% APR3.05% APR3.50% APR
Chase3.45% APR2.88% APR3.40% APR
Bank of America3.66% APRN/A3.37% APR

NerdWallet daily mortgage rates are an average of the published APR with the lowest points for each loan term offered by a sampling of major national lenders. Annual percentage rate quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.