There has been much talk over recent weeks of borrowers in large holding off on locking in mortgage rates in order to find out how the result of the presidential election might affect them. Now that the results are in and the situation clarified, lenders like Bank of America (NYSE:BAC) and Citibank (NYSE:C) are expecting waves of new applicants as the following rates are likely to be as good as any to expect in the near future at least.
The best 30 year loan interest rates at Bank of America (NYSE:BAC) are on the books at 3.500% and APR of 3.648% today. The shorter term, popular 15 year loan interest rates are 3.000% today and an APR of 3.268%.
5/1 ARMs are on the books at 2.625% at BoA with a starting APR of 3.128% which will change as interest rates adjust. The 7/1 Adjustable Rate Mortgages start at 2.875% with an APR of 3.186%.
Standard 30 year refinance fixed rate mortgages at BoA are listed at 3.750% today and an APR of 3.949%. The shorter term 15 year refinance FRMs have been offered at 3.000% yielding an APR of 3.355% today.
5/1 ARM loans at BoA start at 2.750%. showing an APR of 3.169%. 7 year refi ARMs are on the books at 2.875% currently showing an APR of 3.204%.
Standard 30 year fixed rate loan interest rates are published at 3.250% at Citi Mortgage (NYSE:C) today and an APR of 3.444%.
Popular 15 year loan deals start at 2.625% today and an APR of 2.953%. Standard 30 year refinance loan interest rates at Citi Mortgage start at 3.500% today yielding an APR of 3.671%.
The short term, popular 15 year refi fixed rate loan interest rates at the bank have been published at 2.875% today yielding an APR of 3.159%.