10 year loan interest rates have been listed at 2.900% at the bank today yielding an APR of 3.342%. The best 20 year fixed rate mortgages are on the books at 4.020% with an APR of 4.261%.
The 3/1 Adjustable Rate Mortgages start at 4.875% showing an APR of 3.503%. 5 year ARM interest rates at PHH are being quoted at 2.830% carrying an APR of 2.943%. The 7 year Adjustable Rate Mortgages are 3.125% today carrying an APR of 3.089%. The 10/1 ARMS are published at 3.600% currently and an APR of 3.441%.
Standard 30 year refinance FRMs are being offered for 3.50% at PHH today carrying an APR of 3.723% . The short term, popular 15 year refi fixed rate mortgages have been quoted at 2.75% carrying an APR of 3.239% today. The 7/1 Adjustable Rate Mortgages can be had for 2.625% currently with an APR of 3.141% .
Related Financial News
Refinance and mortgage rates are impacted by securities made up of loan packages that move with the stock market. Stock markets dropped by market close putting the DJAI at 15,337.70 down -0.73%.
Today the bank decided not to match the DJIA day end results. Closer to home, the banks stock price lowered to 21.89 down -0.11.