GMAC has one again proved unable to keep up with the pack in terms of genuinely strong mortgage rates over the course of the week, while market-leaders like Bank of America (NYSE:BAC) remain comfortably ahead.
Bank of America
The benchmark 30 year loan interest rates are being quoted at 3.250% at Bank of America (NYSE:BAC) and an APR of 3.415% today. The shorter term, popular 15 year fixed rate mortgage interest rates are being quoted at 2.750% yielding an APR of 3.028%.
As far as ARMs go, 5 year loans at Bank of America have been listed at 2.500% with an APR of 3.051%.
The benchmark 30 year refinance fixed rate mortgages at Bank of America are being offered for 3.500% and APR of 3.616% today. Shorter term 15 year refi FRMs at the bank are being offered for 2.750% and an APR of 2.973%. 5 year refinance ARMs at Bank of America are on the books at 2.500% and APR of 3.041%.
30 year loan interest rates at GMAC Mortgage can be had for 3.625% today carrying an APR of 3.651%. 30 year VA loan interest rates have been offered at 3.375% with an APR of 3.650%.
Popular 15 year fixed rate loans are published at 3.125% and APR of 3.136% today.
The 5 year Adjustable Rate Mortgages at GMAC can be had for 3.000% with an APR of 3.169%. 5/1 Jumbo Adjustable Rate Mortgages stand at 3.125% with an APR of 3.169% to start.
The benchmark 30 year refinance fixed rate mortgage interest rates have been offered at 3.500% at GMAC today and an APR of 3.577%. 30 year VA refinance loan interest rates are coming out at 3.375% and an APR of 3.683%.
The short term, popular 15 year refi fixed rate loans stand at 3.125% today yielding an APR of 3.211%. The 5 year refinance ARM interest rates at GMAC Mortgage are 3.000% and an APR of 3.134%. The 5/1 refi Jumbo ARM interest rates are being quoted at 3.125% with an APR of 3.140%.