Mortgage rates today at Bank of America (NYSE:BAC) and Chase Bank (NYSE:JPM) are largely tied across both home purchase and refinance arms, following a weekend of strong and stable value form both.
Bank of America
Standard 30 year loan interest rates have been listed at 3.250% at Bank of America (NYSE:BAC) today yielding an APR of 3.420%. Shorter term, popular 15 year FRMs are 2.750% at the bank with an APR of 3.076% today.
ARMs in the 5 year category at Bank of America are published at 2.500% with an APR of 3.087% to start. 7 year ARM loans start at 2.625% today carrying an APR of 3.083%.
The benchmark 30 year refinance fixed rate loan interest rates at Bank of America can be had for 3.500% and an APR of 3.721%. 15 year refi fixed rate loans are being offered for 2.750% today yielding an APR of 3.108%. 5/1 Adjustable Rate Mortgages at Bank of America have been offered at 2.625% with an APR of 3.147%. The 7 year refinance Adjustable Rate Mortgages have been listed at 2.875% currently and APR of 3.206%.
The benchmark 30 year fixed rate loans stand at 3.250% at Chase Bank (NYSE:JPM) yielding an APR of 3.350% today. Shorter term 15 year loan interest rates start at 2.875% today yielding an APR of 3.054%.
In the ARM arena, 5 year interest rates are 2.750% at Chase Bank with a starting APR of 3.063%. 7/1 ARMs are being offered for 2.875% currently with an APR of 3.070%.
30 year refinance loan interest rates at Chase Bank are 3.500% and APR of 3.581%. The shorter term, popular 15 year refi fixed rate loan interest rates at the bank are coming out at 2.625% and APR of 2.749%.
As far as ARMs go, 5 year refinance deals are on the books at 2.750% at Chase Bank yielding an APR of 3.073%. 7/1 Adjustable Rate Mortgages can be had for 2.875% currently and an APR of 3.080%