The best 30 year FRMs at Bank of America (NYSE:BAC) are being quoted at 3.625% and an APR of 3.742% today. Shorter term, popular 15 year loans are being quoted at 3.000% at the bank yielding an APR of 3.280%.
In the ARM arena, 5 year deals are published at 2.375% at BoA showing an APR of 3.018%.
30 year refinance fixed rate mortgages at BoA are 3.750% today yielding an APR of 3.868%. Shorter term 15 year refi loan interest rates have been offered at 3.000% at the bank today carrying an APR of 3.262%. 5/1 ARM interest rates at BoA have been quoted at 2.375%. showing an APR of 3.018%.