ARM loans in the 5 year category at BoA are on the books at 2.375% and the APR is 3.018% on initial purchase.
Standard 30 year refinance fixed rate mortgages can be had for 3.750% at BoA and APR of 3.868%. The short term 15 year refi FRMs are published at 3.000% with an APR of 3.262%. ARM interest rates in the 5 year refi category at Bank of America are being quoted at 2.375%. yielding an APR of 3.018%.