The benchmark 30 year FRM interest rates are published at 3.625% at Bank of America (NYSE:BAC) yielding an APR of 3.742%. The shorter term 15 year fixed rate loans are 3.000% at the bank today carrying an APR of 3.280%.
5 year ARM loans have been published at 2.375% at BoA and an APR of 3.018%. ARMs and their APRs change as interest rates move up and down.
Standard 30 year refinance loan deals at BoA have been offered at 3.750% today carrying an APR of 3.868%. Shorter term 15 year refinance fixed rate mortgages at the bank start at 3.000% and an APR of 3.262%. The 5 year refinance ARM deals are coming out at 2.375% at BoA. and the APR is 3.018%.