A survey of major lenders Friday reveals the mortgage rates of Wells Fargo, Chase and Bank of America. Lenders are reappraising their rates following Britain’s vote to leave the European Union. Bank of America left their rates unchanged this morning while Wells Fargo and Chase lowered their loan pricing.
Mortgage Rates 6/24
|30-year fixed||15-year fixed||5/1 ARM|
|Wells Fargo||3.77% APR||3.07% APR||3.36% APR|
|Chase||3.47% APR||2.80% APR||3.31% APR|
|Bank of America||3.78% APR||N/A||3.31% APR|
Homeowners looking to lower their mortgage payment can find refinance lenders here.
The U.K.’s exit from the EU is expected to boost the U.S. bond market, as investors seek to defend their portfolios from stock volatility. As bond prices rise, yields fall — and that could mean lower mortgage rates in the U.S.
NerdWallet daily mortgage rates are an average of the lowest published APR 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 a more accurate view of the costs a borrower might pay.