The benchmark 30 year fixed rate loan interest rates at PHH Mortgage are available starting at 4.300% yielding an APR of 4.485% today. The short term, popular 15 year FRM interest rates can be had for 3.350% with an APR of 3.668%.
10 year loan interest rates have been offered at 2.960% and APR of 3.418%. 20 year FRMs have been published at 4.090% at the bank and an APR of 4.343% today.
The 3/1 ARM interest rates have been listed at 5.250% currently yielding an APR of 3.626% to start. The 5 year Adjustable Rate Mortgages at PHH are published at 2.810% yielding an APR of 2.941% at the beginning of the loan. ARM loans in the 7 year category are being offered for 3.160% with an APR of 3.111% to start. The 10/1 ARM deals can be had for 3.560% today with an APR of 3.422%.
Interest Rates for Refinancing Your Home
The benchmark 30 year refinance loan deals at PHH are available starting at 3.50% and an APR of 3.723% today. Shorter term 15 year refinance fixed rate mortgage interest rates are available starting at 2.75% today yielding an APR of 3.239% . The 7/1 ARM interest rates have been offered at 2.625% with a starting APR of 3.141% .
Market and Mortgages
All the mortgage interest rates change because of market traded MBSs which move with the stock market. The stock market weakend by the end of trading today with the DJIA at 15,337.70 a decrease of -113.35.
Today’s rates at the bank blindly followed the DJIA. On the topic of stocks, PHH’s own stock weakend to 21.89 down -0.50%.