Mortgage Refinance Rates Below 4% June 8th, Compare US Bank, Wells Fargo, RBC, AMEX For Lowest Home Loan Interest Rate Lock and Points

If you need a home loan and are searching for the best mortgage refinance rates from large banks like US Bank, Royal Bank of Canada (RBC), Wells Fargo and American Express you will see home loan interest rate locks available that are quite low right now. Rates for home loan are expected to open largely unchanged this the beginning of June, with rates on 5/1 ARM even lower at 3.75% (vs 3.88% last week).

Interest rates on fixed rate loans from US Bank, Wells Fargo, PNC and AmEx may be slightly higher at around 5.15% for a 30 year term loan and 4.4% for a 15 year note. Rates may continue to be very low, and we would suggest those shopping to get these loans closed as soon as possible. As the economy gets better, rates will likely move upward and cost more.

Author — Liz Tran