The best 30 year fixed rate mortgage interest rates at Bank of America (NYSE:BAC) start at 4.375% carrying an APR of 4.476% today. The short term 15 year fixed rate loan interest rates at the bank stand at 3.500% with an APR of 3.692%.
The 5/1 Adjustable Rate Mortgages are being offered for 3.000% at Bank of America and the APR is 2.924%.
Refinancing Your Home
Standard 30 year refinance fixed rate mortgage interest rates at Bank of America have been listed at 4.375% today with an APR of 4.539%. The shorter term, popular 15 year refinance fixed rate loans at the bank have been listed at 3.500% today yielding an APR of 3.731%. 5 year refinance ARM loans at Bank of America start at 3.250%. with an APR of 3.016%.
Stock and Mortgage Performance
Big bank mortgage rates usually rise and fall with MBS’s (mortgage backed securities) that track with the stock market. Securities weakend in today’s trading leaving the DJIA at 15,337.70.
For today at least the bank failed to follow the market direction today. Specifically, this particular bank’s stock price rose to 14.45 up +0.87%.