10 year loan interest rates can be had for 2.900% carrying an APR of 3.338% today. The best 20 year loan interest rates can be had for 3.930% at the bank yielding an APR of 4.168% today.
3/1 ARMs are listed at 5.000% with a starting APR of 3.530%. The 5/1 ARM loans at PHH are available starting at 2.790% with an APR of 2.928%. The 7/1 ARM deals are 3.080% currently carrying an APR of 3.067%. The 10 year ARM interest rates are on the books at 3.625% currently with a starting APR of 3.455%.
Best Available Refinance Mortgage Rates
The benchmark 30 year refinance loan interest rates start at 3.50% at PHH carrying an APR of 3.723% today. Shorter term 15 year refi loans stand at 2.75% carrying an APR of 3.239% . The 7/1 Adjustable Rate Mortgages are listed at 2.625% today and an APR of 3.141% .
The bigger picture
Mortgage rates are often affected by mortgages packaged into financial instruments which sometimes move with the stock market. Wall street lost ground by market close today putting the DJAI at 15,337.70.
Mortgage rates at PHH took the lead of the DJIA performance. Now PHH’s own stock ticker dropped to 21.89 down -0.11.