5 year ARMs are published at 2.375% at BoA and an APR of 3.018%. ARMs and their APRs change as interest rates move up and down.
Standard 30 year refinance fixed rate loan interest rates have been published at 3.750% at BoA carrying an APR of 3.868%. Shorter term 15 year refinance fixed rate mortgages are 3.000% with an APR of 3.262% today. The 5/1 ARM deals at Bank of America are published at 2.375%. carrying an APR of 3.018%.