Little to no significant movement in mortgage rates has held GMAC in the same position significantly behind Bank of America (NYSE:BAC) as came to be the case for the whole of last week.
Bank of America
30 year loan interest rates at Bank of America (NYSE:BAC) are being offered for 3.250% yielding an APR of 3.415%. Shorter term 15 year FRM interest rates are being offered for 2.750% at the bank with an APR of 3.028% today.
The 5 year ARM loans at Bank of America start at 2.500% with a starting APR of 3.051%.
The benchmark 30 year refinance fixed rate mortgages at Bank of America are available starting at 3.500% yielding an APR of 3.616%.
15 year refinance loan interest rates at the bank are on the books at 2.750% with an APR of 2.973%. The 5/1 ARMS stand at 2.500% at Bank of America yielding an APR of 3.041%.
30 year fixed rate loans are being quoted at 3.625% at GMAC Mortgage yielding an APR of 3.651%. The VA 30 year FRMs have been quoted at 3.375% yielding an APR of 3.650%.
The shorter term 15 year FRM interest rates are on the books at 3.125% today yielding an APR of 3.136%.
As far as ARMs go, 5 year interest rates at GMAC stand at 3.000% with a starting APR of 3.169% which will change as interest rates adjust. The 5 year Jumbo ARM loans have been listed at 3.125% with an APR of 3.169%.
The benchmark 30 year refinance FRM interest rates at GMAC are coming out at 3.500% today and an APR of 3.577%. VA 30 year refi fixed rate mortgages are 3.375% with an APR of 3.683%. Shorter term, popular 15 year refinance fixed rate mortgages are on the books at 3.125% yielding an APR of 3.211% today.
The 5 year refinance ARMs at GMAC Mortgage have been published at 3.000% with a starting APR of 3.134%. 5/1 refi Jumbo Adjustable Rate Mortgages start at 3.125% yielding an APR of 3.140%.