The benchmark 30 year fixed rate loans at Bank of America (NYSE:BAC) are on the books at 3.625% yielding an APR of 3.742% today. Shorter term, popular 15 year fixed rate loans are coming out at 3.000% at the bank yielding an APR of 3.280% today.
5 year Adjustable Rate Mortgages have been quoted at 2.375% at Bank of America showing an APR of 3.018%.
The benchmark 30 year refinance FRMs at Bank of America are 3.750% today and an APR of 3.868%. 15 year refi fixed rate mortgages are available starting at 3.000% and APR of 3.262% today. The 5/1 ARMS at Bank of America start at 2.375%. and the APR is 3.018%.