The benchmark 30 year FRMs at Bank of America (NYSE:BAC) are listed at 3.625% today yielding an APR of 3.742%. The short term 15 year fixed rate loans at the bank are being quoted at 3.000% and an APR of 3.280%.
The 5 year ARM deals at Bank of America have been listed at 2.375% with an APR of 3.018%.
The benchmark 30 year refinance fixed rate loans at Bank of America start at 3.750% today carrying an APR of 3.868%. Shorter term, popular 15 year refi fixed rate mortgage interest rates are being quoted at 3.000% at the bank carrying an APR of 3.262% today. The 5 year refi ARM deals at Bank of America are being quoted at 2.375%. with an APR of 3.018% to start.