Most of the big banks today are offering 3.625% on the 30 year benchmark loan and BoA is no exception. While its not an exception, its a bit of a disappointment to see the near 3.000% rates come and go.
The benchmark 30 year loan interest rates at Bank of America (NYSE:BAC) start at 3.625% today and an APR of 3.762%. The shorter term, popular 15 year fixed rate mortgages at the bank are 3.000% yielding an APR of 3.299% today.
ARM loans in the 5 year category have been offered at 2.625% at BoA and the APR is 3.085% on initial purchase.
Standard 30 year refinance loan interest rates have been listed at 4.000% at BoA carrying an APR of 4.151%. 15 year refi fixed rate loan interest rates start at 3.125% yielding an APR of 3.369%. As far as ARMs go, 5 year refi interest rates at BoA start at 2.375%. showing an APR of 3.018%.