The 5/1 Adjustable Rate Mortgage interest rates at Bank of America are published at 2.875% with an APR of 2.898%.
Home Refinance Interest Rates
The benchmark 30 year refinance fixed rate loan interest rates at Bank of America are published at 4.375% and an APR of 4.525% today. Shorter term, popular 15 year refi fixed rate mortgages have been quoted at 3.500% carrying an APR of 3.704% today. 5 year refi ARM loans at Bank of America stand at 3.250%. with a starting APR of 3.005%.
All the mortgage rates published by banks move up and down because of securities specifically for mortgages which are traded in the stock market. Financial markets dropped today leaving the DJIA at 15,337.70 up -0.73%.
This time the bank tracked with Wall Street. On the topic of stocks, the stock price of Bank of America strengthened to 14.45 up +0.13.