Mortgage rates around the country are certainly off their lows but it is unlikely that this marks a sustained upward trend.
Bank of America
Standard 30 year fixed rate loan interest rates are coming out at 3.500% at Bank of America (NYSE:BAC) and APR of 3.626%. The short term 15 year loan interest rates have been listed at 2.875% today yielding an APR of 3.173%.
As far as ARMs go, 5 year interest rates are coming out at 2.625% at BoA and an APR of 3.085%.
The benchmark 30 year refinance loan interest rates at BoA are available starting at 3.625% today yielding an APR of 3.794%. Shorter term 15 year refinance loans are published at 3.000% with an APR of 3.243%. As far as ARMs go, 5 year refinance loans have been published at 2.375% at BoA. showing an APR of 3.018%.
The best 30 year fixed rate loans have been offered at 3.500% at Chase Bank (NYSE:JPM) today yielding an APR of 3.591%. The short term 15 year fixed rate loan interest rates have been quoted at 3.000% today carrying an APR of 3.180%.
The 5/1 ARMS at Chase stand at 2.500% and an APR of 2.950%. The 7 year Adjustable Rate Mortgages are being offered for 2.750% today showing an APR of 2.991%.
The benchmark 30 year refinance FRM interest rates are listed at 3.625% at Chase today with an APR of 3.716%. The shorter term 15 year refi fixed rate mortgage interest rates at the bank start at 2.750% and APR of 2.910%. 5 year refi ARM interest rates at Chase are being offered for 2.500%. with an APR of 2.960% to start. The 7 year refi ARM loans are listed at 2.750% today with a starting APR of 3.001%.