The benchmark 30 year fixed rate loan interest rates have been offered at 3.625% at Bank of America (NYSE:BAC) today with an APR of 3.742%. Shorter term, popular 15 year fixed rate mortgage interest rates at the bank are being quoted at 3.000% carrying an APR of 3.299%.
In the ARM arena, 5 year loans are coming out at 2.625% at BoA and an APR of 3.085%. ARMs and their APRs change as interest rates move up and down.
Standard 30 year refinance fixed rate mortgage interest rates at BoA start at 3.750% carrying an APR of 3.899%. The shorter term 15 year refinance fixed rate mortgages stand at 3.000% with an APR of 3.280%. As far as ARMs go, 5 year refi deals can be had for 2.500% at BoA. with an APR of 3.041%.