30 year fixed rate loan interest rates stand at 4.250% at Bank of America (NYSE:BAC) today carrying an APR of 4.383%. The short term 15 year loan interest rates at the bank can be had for 3.500% today with an APR of 3.663%.
In the ARM arena, 5 year deals at BoA have been offered at 2.875% with an APR of 2.898% to start.
Home Refinance Interest Rates
The benchmark 30 year refinance loans have been offered at 4.375% at BoA carrying an APR of 4.524% today. The short term, popular 15 year refinance FRMs at the bank have been published at 3.500% today with an APR of 3.702%. The 5/1 Adjustable Rate Mortgage interest rates at BoA are published at 3.250%. yielding an APR of 3.005% to start.
Related Financial News
Mortgage and refinance rates are steered by securities backed by mortgages which move in concert with the stock market. Stocks weakend in today’s trading putting the DOW at 15,337.70 a decrease of -113.35.
For today at least the bank were in synch with the days DJIA results. Separately, BoA’s own stock increased to 14.45 up +0.13.