PNC Bank Home Purchase Rates

30-Year Fixed Mortgage: 3.625% – 3.875%, 3.714% – 3.842% APR
20-Year Fixed Mortgage: 3.375% – 3.750%, 3.540% – 3.662% APR
15-Year Fixed Mortgage: 2.625% – 3.000%, 2.812% – 2.920% APR
10-Year Fixed Mortgage: 2.750% – 2.875%, 2.788% – 2.758% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000. The property is located in Chicago, IL. The interest rate reflects a 30 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

PNC Bank Refinance Rates

30-Year Fixed Mortgage: 3.750% – 4.125%, 3.839% – 4.071% APR
20-Year Fixed Mortgage: 3.500% – 3.875%, 3.665% – 3.813% APR
15-Year Fixed Mortgage: 2.750% – 3.125%, 2.990% – 3.079% APR
10-Year Fixed Mortgage: 2.750% – 3.125%, 2.967% – 2.953% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000. The property is located in Chicago, IL. The interest rate reflects a 45 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

Please, note that the current mortgage interest rates above are only estimates. Mortgage rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

In other news, Freddie Mac has published the results of its weekly Primary Mortgage Market Survey (PMMS) on Thursday, which revealed that the average rate on the 30-year fixed loan inched up 3.51%, from the previous 3.42% that it held earlier. As for the 15-year FRM, the national average rate surged to 2.69% from last week’s 2.61%.

More information on PNC Bank’s latest mortgage rates, borrowing terms and conditions, as well as additional mortgage loan options, can be found on the lender’s website.

Wells Fargo offers excellent mortgage interest rates under both its home purchase and refinance programs, so those potential borrowers who are looking to invest either in a new / used home or to refinance an existing loan, may find some suitable mortgage deals at this lender.

Wells Fargo Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.625%, 3.789% APR
30-Year Fixed FHA Mortgage: 3.250%, 3.681% APR
15-Year Fixed-Rate Mortgage: 2.750%, 3.039% APR
5-Year Adjustable Rate Mortgage (ARM): 2.000%, 2.732% APR
5-Year ARM FHA: 2.250%, 2.368% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in New Haven, Connecticut. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

Wells Fargo Refinance Rates

30-Year Fixed-Rate Mortgage: 3.875%, 4.042% APR
30-Year Fixed FHA Mortgage: 3.750%, 4.879% APR
15-Year Fixed-Rate Mortgage: 2.875%, 3.165% APR
5-Year Adjustable Rate Mortgage (ARM): 2.125%, 2.775% APR
5-Year ARM FHA: 2.250%, 2.942% APR

Please, bear in mind, that the present mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

For more information on Wells Fargo’s home purchase and refinance interest rates, as well as details on loan assumptions and borrowing terms and conditions, please check the lender’s website.

TD Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.500%, 3.555% APR
15-Year Fixed-Rate Mortgage: 2.750%, 2.847% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Framingham, MA. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

30-Year Fixed-Rate Mortgage: 3.625%, 3.678% APR
15-Year Fixed-Rate Mortgage: 2.875%, 2.968% APR
7/1 Adjustable Rate Mortgage (ARM): 2.929%, 2.950% APR
5/1 Adjustable Rate Mortgage (ARM): 2.733%, 2.877% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Framingham, MA. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

Please, note that the current interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

For additional mortgage loan options, as well as information on borrowing terms and conditions, please visit the lender’s website.

For complete details on Chase’s home purchase and refinance mortgage rates, please check the data below. Chase offers excellent mortgage rates under both its home purchase and refinance programs, so those who are looking to invest either in a new / used home or to refinance an existing loan, may find some ideal mortgage deals at this bank.

Chase Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.750%, 0.625 discount points, 3.801% APR
15-Year Fixed-Rate Mortgage: 2.875%, 1.375 discount points, 3.072% APR
7/1 Adjustable Rate Mortgage (ARM): 2.500%, 1.125 discount points, 2.825% APR
5/1 Adjustable Rate Mortgage (ARM): 2.250%, 0.875 discount points, 2.769% APR

Chase Refinance Rates

30-Year Fixed-Rate Mortgage: 3.875%, 1.125 discount points, 3.968% APR
15-Year Fixed-Rate Mortgage: 2.875%, 1.375 discount points, 3.072% APR
7/1 Adjustable Rate Mortgage (ARM): 2.750%, 1.125 discount points, 2.939% APR
5/1 Adjustable Rate Mortgage (ARM): 2.625%, 1.000 discount points, 2.907% APR

It should be noted, that the current mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

Regarding U.S. mortgage applications, the Mortgage Bankers Association (MBA) released the results of its latest mortgage survey on Wednesday. According to the data, mortgage application activity in the U.S. tumbled 9.8% in the week ended May 17. Less Americans decided to file applications for home refinancing, as the Refinance Index edged down 11.7%. With regards to home purchase applications, the Purchase Index dipped 3%. The refinance share of total mortgage applications hovers at 74%, down from the previous 76%.

In other news, national average mortgage rates declined in the past week, mortgage-finance company, Freddie Mac reported last Thursday. The 30-year fixed mortgage now carries an average rate of 3.51%, up from the previous 3.42%. The 15-year FRM averaged a higher rate last week in the form of 2.69, Freddie Mac said.

For the latest information on current mortgage rates at Chase, as well as details on loan assumptions and borrowing terms and conditions, please visit the lender’s website.

Citi Mortgage Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.750%, 0.625 discount points, 3.899 APR
15-Year Fixed-Rate Mortgage: 2.875%, 0.750 discount points, 3.153% APR

Citi Mortgage Refinance Rates

30-Year Fixed-Rate Mortgage: 3.750%, 1.125 discount points, 3.925% APR
15-Year Fixed-Rate Mortgage: 2.875%, 1.250 discount points, 3.198% APR

Please, bear in mind, that the current mortgage interest rates may vary without prior notice from the bank and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

In other news, mortgage application activity declined, according to the results of the Mortgage Bankers Association’s (MBA) latest weekly survey. The MBA reported earlier this Wednesday that the seasonally adjusted Market Composite Index tumbled 9.8% in the week ended May 17. The Refinance Index slumped 11.7%, while the Purchase Index edged down 3% in the said period. The share of refinance applications out of total mortage activity took a downward movement last week and now it stands at 74%, according to the MBA.

Regarding national average mortgage rates, Freddie Mac said last Thursday that the average rate on the 30-year fixed loan rose to 3.51% from the previous 3.42%. As for the 15-year fixed mortgage, the average rate surged to 2.69% last week, the mortgage-finance company added.

For more information on Citi Mortgage’s home purchase and refinance mortgage rates, loan assumptions and borrowing terms and conditions, please take a look at the lender’s website.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 3.750%, 0.500 discount points, 3.858% APR
20-Year Fixed Mortgage: 3.500%, 0.500 discount points, 3.649% APR
15-Year Fixed Mortgage: 2.875%, 0.125 discount points, 3.009% APR
10-Year Fixed Mortgage: 2.750%, 0.125 discount points, 2.946% APR
30-Year Fixed VA Mortgage: 3.125%, 3.375 discount points, 3.463% APR
30-Year Fixed FHA Mortgage: 3.125%, 3.375 discount points, 3.613% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Washington, DC. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

BB&T Refinance Rates

30-Year Fixed Mortgage: 4.000%, 0.250 discount points, 4.088% APR
20-Year Fixed Mortgage: 3.875%, no discount points, 3.968% APR
15-Year Fixed Mortgage: 3.125%, 0.125 discount points, 3.260% APR
10-Year Fixed Mortgage: 3.000%, 0.125 discount points, 3.196% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Washington, DC. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

Please, note that the current mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

For more information on the latest mortgage rates at BB&T Bank, borrowing terms and conditions, as well as additional loan options, please check the lender’s website.

Bank of America Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.625%, 0.873 discount points, 3.762% APR
15-Year Fixed-Rate Mortgage: 2.875%, 0.973 discount points, 3.132% APR
5/1 Adjustable Rate Mortgage (ARM): 2.125%, 1.119 discount points, 2.850% APR
7/1 Adjustable Rate Mortgage (ARM): 2.625%, 0.731 discount points, 2.949% APR

Bank of America Refinance Rates

30-Year Fixed-Rate Mortgage: 3.750%, 1.353 discount points, 3.802% APR
15-Year Fixed-Rate Mortgage: 2.875%, 1.073 discount points, 3.147% APR
5/1 Adjustable Rate Mortgage (ARM): 2.500%, 0.826 discount points, 2.956% APR
7/1 Adjustable Rate Mortgage (ARM): 2.625%, 1.106 discount points, 2.978% APR

Please, bear in mind, that the present mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

Regarding U.S. mortgage applications, an industry group published the results of its weekly mortgage application activity survey earlier today. According to the Mortgage Bankers Association’s (MBA) findings, mortgage activity in the U.S. declined 9.8% in the week ended May 17. Due to rising mortgage rates less Americans decided to take out debt for home purchase and refinancing. Demand for refinance applications declined 11.7%, while the Purchase Index slumped 3% in the said period. The refinance share of total mortgage applications dipped to 74% from the previous 76% that it held a week earlier, the MBA said. Among refinance applications the HARP share rose to 32% from 30% that it carried in the prior week

According to the MBA, the average contract interest rate for the 30-year fixed mortgage edged up to 3.78%, an 11 basis points increase since the previous week. The 15-year FRM has followed the same path, as the average rate on this loan rose to 2.96% from the previous 2.88%.

As for national average mortgage rates, Freddie Mac reported last week that the 30-year fixed loan surged to 3.51%, up from the previous 3.42% that it had a week earlier. On the other hand, the interest rate on the shorter-term 15-year FRM has advanced as well, and now it stands at 2.69%. A week earlier this loan was carrying a rate of 2.61%.

For more information on current home purchase and refinance mortgage interest rates at Bank of America, as well as details on borrowing terms and conditions and loan assumptions, please see the lender’s website.

30-year fixed-rate mortgage yields were up as of May 17, from 3.08 percent to 3.14 percent, while the 15-year home loan climbed slightly from 2.21 percent to 2.24 percent. Yields on 30-year FHA/VA mortgages edged from 3.67 percent to 3.71 percent.

These numbers remain quite close to historical lows, and are still a bit lower than the yields reported one year ago. Year-ago mortgage rate yields for the 30-year FRM, 15-year FRM and 30-year FHA/VA FRM were 3.27 percent, 2.50 percent and 3.84 percent respectively.

Reduced mortgage rates compared to the high rates reported at the heights of the U.S. housing crisis have helped drive a slow, yet steady recovery for both the housing market and the U.S. economy in general. Already, there have been several signs of the housing market’s health improving since last year, such as increased home prices and higher levels of builder confidence.

As of the past two weeks, however, positive U.S. economic news had led to mortgage rates climbing, although these rates are still not that far removed from record lows posted late last year.

As of Monday, gas prices in California and Nebraska averaged $4.05 per gallon, while Iowa was not far behind at $4.02 per gallon. Leading the way for the entire U.S. was Hawaii with an average price of $4.35 per gallon, and for the 48 contiguous states, Minnesota had the highest average at $4.27 per gallon, followed by North Dakota ($4.23) and Alaska ($4.06).

Moving back to Nebraska, Omaha drivers were surprised on Sunday morning to find out that regular unleaded gas now cost $4.09 per gallon, which beat the record of $4.08 set in July 2008. Motorists from Lincoln paid a slightly higher price for unleaded at $4.12 per gallon, though that remains slightly below the July 2008 peak of $4.16 per gallon. For the whole of Nebraska, Hastings had the highest price per gallon Monday at $4.16.

According to AAA spokeswoman Rose White, the shutdown of refineries in Joliet, Ill. and Whiting, Ind. was the main reason why Midwest gas prices have shot up in recent days. These two plants, which are among the largest in the U.S., were originally supposed to shut down for routine maintenance, before it was determined that both plants would have to remain closed due to additional issues uncovered.

Unexpected shutdowns also took place in refineries based in Cheyenne, Wyo. and Eldorado, Kan. “When the major refineries give us an indication of when they plan to be back up, that should loosen prices,” predicted Ms. White.

For June delivery, natural gas settled 0.9 percent, or 3.5 cents higher at $4.09 per one million British thermal units on the New York Mercantile Exchange. Prices had peaked earlier in Monday’s session at $4.159/MMBtu. And these prices may be higher, following a forecast from Commodity Weather Group LLC, which sees a humid-air mass enveloping the eastern portion of the United States this week. This humidity is expected to send temperatures rising to over 90 degrees.

Midwest and East Coast states are expected to have hot and humid weather over the next week, which may potentially increase the demand for energy by homes and businesses. Another variable that suggests higher natural gas prices may be on the horizon would be the Obama administration’s recent approval of a second terminal for the exportation of the commodity.

The forecasted weather may also help mitigate the significant increase in natural gas stockpiles reported over the last two weeks.

All this has proven interesting as the temperature spikes are expected to take place before the official start of summer. “This spring’s temperature shifts have proven dramatic,” observed James Ritterbusch of oil trading adviser Ritterbusch and Associates. “The market is being forced to price in a significant slowing in storage injections.” Typically, U.S. natural gas futures rely on domestic energy activity and temperature changes, as prices go up or down accordingly based on these variables.