The biggest banks have settled in a quarter point up from lows set earlier in the month.
Standard 30 year fixed rate loans have been listed at 3.500% at Bank of America (NYSE:BAC) today yielding an APR of 3.636%. Popular 15 year fixed rate loan interest rates start at 2.875% with an APR of 3.173%.
The 5/1 ARM interest rates have been listed at 2.625% at Bank of America and the APR is 3.085% on initial purchase.
The best 30 year refinance loan interest rates at Bank of America are on the books at 3.625% today yielding an APR of 3.804%. 15 year refi fixed rate loan interest rates are published at 3.000% with an APR of 3.243%. 5 year refi ARMs are listed at 2.375% at Bank of America. with a starting APR of 3.018%.
The benchmark 30 year loan interest rates at Chase Bank (NYSE:JPM) are on the books at 3.500% yielding an APR of 3.591%. Shorter term, popular 15 year loan interest rates are being quoted at 3.000% today with an APR of 3.162%.
The 5 year ARM interest rates at Chase are on the books at 2.500% with a starting APR of 2.950%. The 7 year ARM interest rates start at 2.750% currently yielding an APR of 2.991%.
The best 30 year refinance loan deals at Chase have been quoted at 3.625% with an APR of 3.716%. Shorter term, popular 15 year refinance loan interest rates at the bank are 2.750% and APR of 2.910% today. The 5/1 ARMS at Chase Bank are 2.500%. and APR of 2.960%. The 7/1 Adjustable Rate Mortgage interest rates are published at 2.750% today and APR of 3.001%.