Standard 30 year loans are being quoted at 4.200% at PHH Mortgage today yielding an APR of 4.377%. The short term 15 year loan interest rates at the bank have been offered at 3.290% and APR of 3.597% today.
10 year loan interest rates are listed at 2.875% and APR of 3.319% today. The best 20 year loan deals have been offered at 4.000% and APR of 4.243%.
The 3 year ARMs have been offered at 5.125% currently with a starting APR of 3.571%. 5 year ARM loans are coming out at 2.790% at PHH Mortgage and the APR is 2.930%. The 7/1 Adjustable Rate Mortgages are listed at 3.090% today and APR of 3.074%. The 10/1 Adjustable Rate Mortgages have been listed at 3.530% with an APR of 3.398%.
Latest Refinance Mortgage Rates
The best 30 year refinance fixed rate mortgages have been published at 3.50% at PHH Mortgage and an APR of 3.723% . The short term 15 year refinance loan interest rates are published at 2.75% today yielding an APR of 3.239% . 7 year refinance Adjustable Rate Mortgages are available starting at 2.625% and the APR is 3.141% .
Market Impact on Mortgage Rates
Loan rates are sometimes affected by mortgages packaged into financial instruments that follow stock market motions. Markets weakend by the end of trading today putting the DOW at 15,337.70 a decrease of -113.35.
Not surprisingly the bank moved along with Wall Street. Independent of mortgage rates, the banks stock fell to 21.89 down -0.11.