The short term, popular 15 year FRM interest rates are 2.875% carrying an APR of 3.136% today.
ARMs in the 5 year category can be had for 2.500% at Bank of America carrying an APR of 3.061% to start.
The benchmark 30 year refinance FRM interest rates at Bank of America start at 3.625% today yielding an APR of 3.762%. Shorter term, popular 15 year refi fixed rate mortgages are coming out at 2.750% at the bank today yielding an APR of 3.047%. 5/1 ARMs at BoA stand at 2.375%. yielding an APR of 3.008% to start.