10 year fixed rate loans at the bank are on the books at 2.690% today and an APR of 3.135%. 20 year loans are coming out at 3.375% carrying an APR of 3.615%.
40 year FRMs have been offered at 4.000% at the bank today with an APR of 4.143%.
The 3 year ARMs stand at 4.060% currently with an APR of 3.409%. ARMs in the 5 year category at PHH Mortgage are being quoted at 2.125% and the APR is 2.865% on initial purchase. 7/1 ARM loans are coming out at 2.375% with an APR of 2.880%. ARMs in the 10 year category are 2.690% yielding an APR of 2.979% to start.
The benchmark 30 year refinance loans at PHH Mortgage are available starting at 3.500% with an APR of 3.723%. The short term 15 year refinance loans are on the books at 2.750% yielding an APR of 3.239%. The 7/1 ARM deals have been published at 2.625% today with an APR of 3.141%.