The benchmark 30 year FRMs are on the books at 3.625% at Bank of America (NYSE:BAC) yielding an APR of 3.742%. Shorter term, popular 15 year fixed rate loan interest rates are being quoted at 3.000% and APR of 3.280%.
In the ARM arena, 5 year interest rates at BoA are available starting at 2.375% yielding an APR of 3.018% at present.
Standard 30 year refinance loans at BoA are coming out at 3.750% and APR of 3.868% today. Shorter term 15 year refi loan interest rates at the bank start at 3.000% with an APR of 3.262%. As far as ARMs go, 5 year refinance loans at Bank of America have been published at 2.375%. yielding an APR of 3.018% to start.