Standard 30 year fixed rate loans are coming out at 4.375% at Quicken Loans and APR of 4.643% . The short term, popular 15 year fixed rate mortgages are being offered for 3.375% carrying an APR of 3.815% today.
In the ARM arena, 5 year loans at Quicken are on the books at 2.99% yielding an APR of 3.078% at present.
What are the refinance mortgage rates?
The benchmark 30 year refinance loan deals have been listed at 4.375% at Quicken and an APR of 4.643% today. The short term 15 year refinance loans are available starting at 3.375% yielding an APR of 3.815% today. The 5 year refinance ARMs are listed at 2.99% at Quicken. with a starting APR of 3.078% .
Market and Mortgages
Mortgage rates often rise and fall with MBS’s which go up and down with the markets. Security markets fell in today’s trading to leave the DJIA at 15,337.70 down -0.73%.
Today’s rates at Quicken were in synch with the days market results.