30 year FRM interest rates are available starting at 4.190% at PHH Mortgage today yielding an APR of 4.365%. The shorter term 15 year fixed rate loan interest rates are published at 3.290% at the bank yielding an APR of 3.595%.
10 year FRMs at the bank are available starting at 2.900% today carrying an APR of 3.340%. 20 year fixed rate mortgages are 4.000% at the bank and an APR of 4.240% today.
The 3/1 ARM interest rates are being offered for 5.125% currently with an APR of 3.569%. 5/1 ARMs at PHH start at 2.790% carrying an APR of 2.928%. 7/1 ARMs can be had for 3.060% today with an APR of 3.058%. The 10/1 Adjustable Rate Mortgages start at 3.560% with a starting APR of 3.415%.
Today’s Refinance Mortgage Rates
The benchmark 30 year refinance fixed rate mortgages at PHH have been quoted at 3.50% yielding an APR of 3.723% . The short term, popular 15 year refi loan interest rates are published at 2.75% yielding an APR of 3.239% today. The 7/1 ARM loans can be had for 2.625% today with a starting APR of 3.141% .
The bigger picture
Mortgage rates are often influenced by market traded MBS prices that go up and down with the markets. Markets lowered by close of day today leaving the DJIA at 15,337.70 down -0.73%.
For today PHH did not take the lead of Wall Street’s direction today. On the topic of stocks, PHH’s own stock declined to 21.89 down -0.11.