ARM loans in the 5 year category at GMAC have been offered at 3.000% with a starting APR of 3.087%. The 5/1 Jumbo ARM deals are 3.125% with an APR of 3.087%.
30 year refinance FRM interest rates are on the books at 3.625% at GMAC and an APR of 3.713%. Shorter term 15 year refi fixed rate mortgage interest rates at the bank are available starting at 3.250% and an APR of 3.336%. In the ARM arena, 5 year refi interest rates are being quoted at 3.000% at GMAC. and APR of 3.082%. Refi Jumbo ARMs in the 5 year category are coming out at 3.125% yielding an APR of 3.058%.