PHH Mortgage is still leading the majority of the US lending market today with perhaps the lowest home purchase mortgage rates to be found, though the deals being advertised at GMAC are certainly not to be ignored.
The best 30 year loans are being quoted at 3.150% at PHH Mortgage carrying an APR of 3.316% today. Shorter term 15 year fixed rate loans are available starting at 2.500% at the bank today with an APR of 2.800%.
10 year fixed rate mortgage interest rates are being quoted at 2.500% at the bank yielding an APR of 2.936% today. 20 year loans are being offered for 3.080% at the bank carrying an APR of 3.313%.
40 year FRMs are published at 3.580% today yielding an APR of 3.716%.
The 3/1 Adjustable Rate Mortgage interest rates are available starting at 4.000% today with an APR of 3.490%. The 5/1 ARM loans at PHH Mortgage stand at 2.170% with a starting APR of 2.959%. 7/1 ARM loans start at 2.375% currently with an APR of 2.945%. The 10/1 Adjustable Rate Mortgage interest rates are published at 2.750% with an APR of 3.062%.
Standard 30 year refinance fixed rate mortgage interest rates at PHH Mortgage have been listed at 3.500% yielding an APR of 3.723% today.
Shorter term 15 year refinance loan deals have been offered at 2.750% at the bank carrying an APR of 3.239% today.
7 year refinance ARM interest rates can be had for 2.625% currently with an APR of 3.141%.
The benchmark 30 year FRMs start at 3.625% at GMAC Mortgage yielding an APR of 3.641%. The VA version of the 30 year loans are published at 3.250% carrying an APR of 3.533%.
15 year loan interest rates have been quoted at 3.000% and an APR of 3.065%.
ARM interest rates in the 5 year category at GMAC Mortgage are being quoted at 3.000% with an APR of 3.183%. In the Jumbo ARM arena, 5 year deals have been listed at 3.250% with a starting APR of 3.183%.
The benchmark 30 year refinance fixed rate loans are being offered for 3.500% at GMAC Mortgage carrying an APR of 3.567% today. 30 year VA refinance fixed rate mortgages are 3.250% with an APR of 3.566%. The shorter term, popular 15 year refi loans have been offered at 3.000% today with an APR of 3.139%.
As far as ARMs go, 5 year refi loans have been published at 3.000% at GMAC Mortgage with a starting APR of 3.124%. The 5/1 refi Jumbo ARM interest rates are published at 3.000% carrying an APR of 3.096%.