The benchmark 30 year fixed rate mortgages are being offered for 3.625% at Bank of America (NYSE:BAC) and an APR of 3.742%. Popular 15 year fixed rate mortgage interest rates start at 3.000% carrying an APR of 3.280%.
The 5/1 ARM deals have been quoted at 2.375% at BoA with an APR of 3.018%.
Standard 30 year refinance loan interest rates are available starting at 3.750% at BoA and an APR of 3.868% today. Shorter term, popular 15 year refinance fixed rate loan interest rates are available starting at 3.000% and an APR of 3.262%. 5 year refinance ARMs can be had for 2.375% at BoA. yielding an APR of 3.018% to start.