30 year FRM interest rates are available starting at 4.250% at PHH Mortgage carrying an APR of 4.431%. The short term 15 year fixed rate mortgage interest rates have been offered at 3.310% yielding an APR of 3.623%.
10 year loan interest rates are published at 2.920% and an APR of 3.371%. 20 year loans are 4.050% at the bank carrying an APR of 4.299% today.
The 3/1 Adjustable Rate Mortgages have been published at 5.125% today with an APR of 3.585% to start. The 5/1 ARM loans at PHH are 2.875% and an APR of 2.962%. ARMs and their APRs change as interest rates move up and down. 7 year ARM loans are listed at 3.170% with a starting APR of 3.114%. The 10/1 ARM deals have been published at 3.530% currently with an APR of 3.401%.
The best 30 year refinance fixed rate mortgage interest rates are available starting at 3.50% at PHH today carrying an APR of 3.723% . The short term 15 year refi fixed rate loan interest rates have been offered at 2.75% yielding an APR of 3.239% today. The 7 year refi ARM interest rates stand at 2.625% currently with an APR of 3.141% .
Financial Market News
Big bank mortgage rates sometimes rise and fall with packages of mortgage loan securities which move with the stock market. Wall street weakend by close today to leave the DOW at 15,337.70 a decrease of -113.35.
Today’s rates at PHH did not move in the same direction as the DJIA day end results. Drilling down a bit, the banks stock price weakend to 21.89 down -0.11.