30 year FRM interest rates are available starting at 4.25% at Quicken Loans today yielding an APR of 4.505% . The shorter term 15 year fixed rate loan interest rates are published at 3.375% at the bank yielding an APR of 3.777% .
ARM interest rates in the 5 year category at Quicken Loans have been published at 2.875% yielding an APR of 3.038% .
Standard 30 year refinance fixed rate loan interest rates are coming out at 4.25% at Quicken Loans and an APR of 4.505% . Shorter term 15 year refinance loan interest rates have been offered at 3.375% today carrying an APR of 3.777% . 5 year refinance ARMs are coming out at 2.875% at Quicken Loans. and the APR is 3.038% .
Market and Mortgages
Mortgage rates are sometimes affected by mortgage backed securities which are traded in the stock market. Stocks lost ground by market close today putting the DOW at 15,337.70 down -0.73%.
Mortgage rates at Quicken Loans were in synch with Wall Streets direction.