The best 30 year loan interest rates start at 4.375% at Bank of America (NYSE:BAC) and APR of 4.505% today. Shorter term 15 year FRM interest rates are being offered for 3.500% today yielding an APR of 3.711%.
As far as ARMs go, 5 year loans are listed at 3.000% at Bank of America and the APR is 2.933%.
Standard 30 year refinance loan deals are listed at 4.500% at Bank of America today with an APR of 4.610%. The shorter term 15 year refi loan interest rates are 3.500% at the bank today with an APR of 3.750%. In the ARM arena, 5 year refi loans can be had for 3.375% at Bank of America. and APR of 3.044%.
Published refinance rates often move with MBS security prices which go up and down with the markets. Wall street lost ground by close today to leave the DJIA at 15,337.70 a decrease of -113.35.
For today the bank were in synch with the stock market direction. And now, Bank of America’s stock price strengthened to 14.45 up +0.13.