As far as ARMs go, 5 year loans are published at 2.875% at Quicken Loans with an APR of 3.038% .
Mortgage Rates for Refinance
The benchmark 30 year refinance fixed rate mortgages are available starting at 4.25% at Quicken Loans today and an APR of 4.516% . Shorter term, popular 15 year refinance fixed rate mortgage interest rates at the bank are being offered for 3.375% yielding an APR of 3.758% . 5/1 ARM loans are on the books at 2.875% at Quicken Loans. and an APR of 3.038% .
Published refinance rates are sometimes influenced by MBS’s traded in security markets that go up and down with the stock market. Stocks weakend by close of day to leave the DJIA at 15,337.70 a decrease of -113.35.
As expected Quicken Loans followed the market’s performance.