30 year loan deals at Quicken Loans for home purchase have been published at 3.375% today yielding an APR of 3.596%. The shorter term, popular 15 year FRMs have been published at 2.750% carrying an APR of 3.089% today.
The 7/1 ARMS are published at 2.500% and an APR of 3.053%.
But the interesting news is really in the refinance arena where 30 year loan interest rates at Quicken Loans start at 3.375% carrying an APR of 3.596% today. Radio spots encourage homeowners to look seriously at refinancing if their current rate is 3.99% or below even if their mortgages are underwater significantly. The short term, popular 15 year refinance fixed rate loan interest rates at the bank start at 2.750% carrying an APR of 3.089% today. The 7 year refi ARM loans can be had for 2.500% currently yielding an APR of 3.053% to start.
30 year loan interest rates have been quoted at 3.375% at Suntrust Banks (NYSE:STI) and APR of 3.481% today. The lower FHA 30 year loan interest rates are coming out at 3.200% and APR of 4.318%. Shorter term 15 year loan interest rates are being quoted at 2.700% today with an APR of 2.885%.
The 5/1 ARM interest rates have been published at 2.300% at Suntrust with an APR of 2.941%. The 7/1 Adjustable Rate Mortgages are available starting at 2.490% today with a starting APR of 2.958%.