Mortgage rates went up last Friday and haven’t looked back at the “big five” mortgage lenders.
30 year loans are being offered for 3.625% at Bank of America (NYSE:BAC) and APR of 3.752%. This is the same rate quoted by Wells Fargo and several most others today.
15 year FRM interest rates at the bank are being offered for 3.000% today yielding an APR of 3.299%.
The 5/1 ARMS are 2.625% at BoA yielding an APR of 3.085% at present.
30 year refinance loan interest rates at BoA are on the books at 3.875% and APR of 4.025% today. Shorter term 15 year refi fixed rate mortgage interest rates at the bank start at 3.125% and APR of 3.388%. ARMs in the 5 year refinance category are being quoted at 2.500% at BoA. and an APR of 3.041%.