10 year loans are being offered for 2.980% with an APR of 3.434%. 20 year loan deals are listed at 4.110% today and an APR of 4.360%.
3/1 ARM interest rates have been listed at 4.875% currently and the APR is 3.519%. ARM interest rates in the 5 year category are coming out at 2.910% at PHH Mortgage showing an APR of 2.975%. 7 year ARM loans are 3.210% currently with an APR of 3.134%. 10/1 Adjustable Rate Mortgages are coming out at 3.590% today with an APR of 3.439% to start.
Mortgage Rates for Refinance
The best 30 year refinance loan interest rates at PHH Mortgage are available starting at 3.50% and APR of 3.723% today. The short term, popular 15 year refi loan interest rates have been offered at 2.75% at the bank carrying an APR of 3.239% . The 7/1 ARM interest rates start at 2.625% today and APR of 3.141% .
All the mortgage rates published often rise and fall with MBS’s which go up and down with the markets. Stock markets weakend by close of day putting the DOW at 15,337.70 a decrease of -113.35.
For today PHH Mortgage decided not to follow the DJIA performance. Drilling down a bit, the banks stock dropped to 21.89 down -0.50%.