Standard 30 year refinance loans have been quoted at 3.500% at Quicken Loans and an APR of 3.702% today. Usually refi rates are above home purchase mortgage rates but most banks are quoting 3.500% for home purchases today so Quicken Loans has a good offer if you are looking to refinance.
15 year refi fixed rate loan interest rates are published at 2.500% at the bank today yielding an APR of 3.052%. 7/1 ARMs are listed at 2.625% today with an APR of 3.043% to start.
GMAC Refinance Deals
30 year refinance fixed rate mortgage interest rates have been offered at 3.625% at GMAC Mortgage with an APR of 3.692%. Shorter term 15 year refi FRMs at the bank stand at 3.250% with an APR of 3.336%. The 5/1 ARMS are on the books at 3.000% at GMAC Mortgage. with an APR of 3.072% to start. Refi Jumbo ARMs in the 5 year category are being offered for 3.125% with an APR of 3.058%.