The benchmark 30 year loan interest rates are being quoted at 4.280% at PHH Mortgage today carrying an APR of 4.464%. The shorter term, popular 15 year loans at the bank have been quoted at 3.330% and APR of 3.646% today.
10 year loans at the bank are published at 2.940% today with an APR of 3.395%. 20 year loan interest rates at the bank stand at 4.070% today with an APR of 4.321%.
3/1 ARMs have been offered at 4.875% with a starting APR of 3.520%. The 5 year ARMs at PHH Mortgage are coming out at 2.875% and the APR is 2.963% on initial purchase. 7/1 ARM interest rates are coming out at 3.170% today showing an APR of 3.115%. The 10 year ARM deals start at 3.560% and APR of 3.421%.
Interest Rates for Refinance
The benchmark 30 year refinance loan interest rates can be had for 3.50% at PHH Mortgage today with an APR of 3.723% . The short term 15 year refinance fixed rate loan interest rates are coming out at 2.75% carrying an APR of 3.239% today. 7/1 ARMs are being quoted at 2.625% today and an APR of 3.141% .
Rates for mortgage loans often change with securities specifically for mortgages which are in concert with stock market movements. Stocks went down today to leave the DOW at 15,337.70 a decrease of -113.35.
Not surprisingly PHH Mortgage blindly followed the days trading results. Also in the market, this particular bank’s stock price lowered to 21.89 down -0.11.