10 year fixed rate loans are 2.920% at the bank carrying an APR of 3.411% today. The best 20 year fixed rate mortgages start at 3.980% and an APR of 4.255% today.
3 year ARMs are being quoted at 5.250% currently yielding an APR of 3.722%. The 5/1 Adjustable Rate Mortgage interest rates are being offered for 2.810% at PHH with an APR of 3.035%. 7 year ARM interest rates are coming out at 3.125% today yielding an APR of 3.175% to start. The 10 year ARM deals are being quoted at 3.650% currently with an APR of 3.541%.
Refinance Mortgage Interest Rates
The best 30 year refinance FRM interest rates can be had for 3.50% at PHH carrying an APR of 3.723% today. The short term 15 year refinance loan interest rates at the bank are being quoted at 2.75% carrying an APR of 3.239% . 7 year refi ARM loans start at 2.625% with an APR of 3.141% .
Mortgage rates are sometimes affected by specific securities related to mortgages that partially track with the stock market. Stocks fell by close today putting the DJAI at 15,337.70 down -0.73%.
Not surprisingly PHH followed the DJIA direction. Closer to home, the banks stock fell to 21.89 down -0.50%.