Standard 30 year fixed rate mortgages can be had for 4.25% at Quicken Loans and APR of 4.516% . The shorter term, popular 15 year fixed rate loan interest rates are on the books at 3.375% carrying an APR of 3.758% .
ARM interest rates in the 5 year category are 2.875% at Quicken with an APR of 3.038% .
Today’s Refinance Mortgage Rates
30 year refinance loan interest rates at Quicken are available starting at 4.25% today and an APR of 4.516% . Shorter term 15 year refi fixed rate loan interest rates at the bank are on the books at 3.375% and APR of 3.758% today. The 5/1 ARMS have been offered at 2.875% at Quicken. with a starting APR of 3.038% .
Stock Market Update
All the mortgage rates published sometimes vary because of specific securities related to mortgages which are dependent on the stock market. Markets went down in trading today putting the DJAI at 15,337.70 a decrease of -113.35.
Mortgage rates at Quicken moved in the same direction as the days trading results.