10 year FRMs start at 2.690% today yielding an APR of 3.135%. The best 20 year fixed rate loans can be had for 3.375% at the bank carrying an APR of 3.615% today.
40 year FRMs are on the books at 4.000% and an APR of 4.143% today.
3 year Adjustable Rate Mortgages are published at 4.060% and the APR is 3.409%. ARM loans in the 5 year category at PHH Mortgage have been listed at 2.125% yielding an APR of 2.865%. The 7/1 ARMS are published at 2.375% today with a starting APR of 2.880%. The 10 year ARM loans are being offered for 2.690% today yielding an APR of 2.979% to start.
The benchmark 30 year refinance loan interest rates at PHH Mortgage are being quoted at 3.500% carrying an APR of 3.723%. The shorter term 15 year refi loan interest rates at the bank are available starting at 2.750% with an APR of 3.239% today. The 7/1 ARMS stand at 2.625% showing an APR of 3.141%.