As we near the Debt Ceiling debate and financial markets are a bit unsettled, mortgage rates are dropping just a bit, tentative about the economic future.
Bank of America
The best 30 year loan interest rates at Bank of America (NYSE:BAC) have been published at 3.375% carrying an APR of 3.552%. Popular 15 year FRMs have been offered at 2.875% at the bank today carrying an APR of 3.154%.
ARM loans in the 5 year category can be had for 2.625% at BoA and APR of 3.085%.
The best 30 year refinance FRM interest rates at BoA are published at 3.625% yielding an APR of 3.752%. Shorter term 15 year refi fixed rate mortgage interest rates start at 2.875% today yielding an APR of 3.154%. In the ARM arena, 5 year refinance loans at Bank of America stand at 2.375%. with a starting APR of 3.018%.
The best 30 year loan deals have been offered at 3.375% at Wells Fargo (NYSE:WFC) today carrying an APR of 3.704%. 30 year FHA loan interest rates are being quoted at 3.250% and an APR of 3.930%. Popular 15 year FRM interest rates at the bank are listed at 2.500% and APR of 2.982%.
The 5/1 ARM loans have been quoted at 2.000% at Wells Fargo and an APR of 3.041%. ARMs and their APRs change as interest rates move up and down. 5 year FHA Adjustable Rate Mortgages are published at 2.250% carrying an APR of 2.579%.