The benchmark 30 year fixed rate mortgages at Bank of America (NYSE:BAC) are published at 3.625% today and an APR of 3.742%. Shorter term, popular 15 year loan deals at the bank are being offered for 3.000% yielding an APR of 3.280% today.
5 year ARMs are 2.375% at BoA with an APR of 3.018%.
The benchmark 30 year refinance FRM interest rates have been quoted at 3.750% at BoA carrying an APR of 3.868% today. Shorter term 15 year refinance fixed rate mortgages at the bank are being offered for 3.000% with an APR of 3.262%. As far as ARMs go, 5 year refi loans have been quoted at 2.375% at BoA. yielding an APR of 3.018% to start.