The 5/1 ARMS at BoA are on the books at 3.000% with an APR of 2.929%.
Current Refinance Mortgage Rates
The best 30 year refinance FRMs at BoA are on the books at 4.500% with an APR of 4.595%. The shorter term 15 year refi fixed rate mortgages are 3.500% today with an APR of 3.714%. 5 year refi ARMs are 3.250% at BoA. and the APR is 3.021%.
Stocks and Mortgages
All the mortgage interest rates sometimes change because of mortgage backed securities that go up and down with the markets. Security markets lowered by the end of trading to leave the DJIA at 15,337.70 up -0.73%.
Rates at BoA moved in the same direction as the stock market. Specifically, BoA’s own stock price increased to 14.45 up +0.87%.