If you are looking to refinance your mortgage you may have missed the lowest rates of the month that occurred a couple of weeks ago but current rates are still a bargain.
Benchmark 30 year refinance loans are on the books at 3.625% at Chase Bank yielding an APR of 3.716%. The short term 15 year refinance loans are listed at 2.750% carrying an APR of 2.910% today. 5/1 ARMs at Chase Bank have been quoted at 2.500%. and an APR of 2.960%. ARM interest rates in the 7 year refi category have been listed at 2.750% with an APR of 3.001%.
Standard 30 year fixed rate loans are listed at 3.500% at Chase Bank (NYSE:JPM) with an APR of 3.591%. The short term, popular 15 year FRMs start at 3.000% with an APR of 3.162%.
The 5 year Adjustable Rate Mortgages are being quoted at 2.500% at Chase Bank with a starting APR of 2.950%. 7 year ARM loans have been listed at 2.750% today showing an APR of 2.991%.
Bank of America
30 year refinance fixed rate mortgage interest rates stand at 3.625% at Bank of America today carrying an APR of 3.804%. The shorter term, popular 15 year refi FRM interest rates at the bank are on the books at 3.000% today yielding an APR of 3.243%. The 5 year refi ARM interest rates at Bank of America start at 2.375%. with an APR of 3.018% to start.
Standard 30 year loan interest rates at Bank of America (NYSE:BAC) start at 3.500% carrying an APR of 3.636%. Popular 15 year fixed rate loan interest rates have been offered at 2.875% yielding an APR of 3.173% today.
The 5/1 Adjustable Rate Mortgage interest rates at Bank of America are published at 2.625% with an APR of 3.085%.