The benchmark 30 year FRM interest rates are 3.625% at Bank of America (NYSE:BAC) carrying an APR of 3.742%. The shorter term 15 year fixed rate loan interest rates at the bank are being quoted at 3.000% today with an APR of 3.280%.
The 5/1 ARM deals can be had for 2.375% at Bank of America showing an APR of 3.018%.
The best 30 year refinance loans at Bank of America have been quoted at 3.750% and an APR of 3.868%. 15 year refi loan deals stand at 3.000% at the bank today yielding an APR of 3.262%. As far as ARMs go, 5 year refi deals at BoA are being quoted at 2.375%. with an APR of 3.018%.