Mortgage rates moved up yesterday erasing all the progress made since early in January.
The best 30 year loans are being quoted at 3.750% at GMAC Mortgage today with an APR of 3.755%. 15 year FRMs at the bank can be had for 3.125% today and an APR of 3.136%.
5/1 ARM interest rates at GMAC Mortgage have been published at 3.000% carrying an APR of 3.169%. 5/1 Jumbo ARM loans have been published at 3.125% with an APR of 3.169% to start.
The benchmark 30 year refinance loan interest rates at GMAC Mortgage are published at 3.625% with an APR of 3.682% today. The short term 15 year refi FRM interest rates at the bank are available starting at 3.125% carrying an APR of 3.211% today. As far as ARMs go, 5 year refinance loans at GMAC have been published at 3.000%. and APR of 3.153%. As far as refi Jumbo ARMs go, 5 year interest rates have been published at 3.125% showing an APR of 3.140%.