The benchmark 30 year fixed rate loan interest rates stand at 4.125% at PHH Mortgage and APR of 4.190% today. The short term 15 year fixed rate loan interest rates are coming out at 3.590% carrying an APR of 3.772% today.
10 year fixed rate mortgages at the bank can be had for 3.590% and APR of 3.853% today. 20 year FRMs are on the books at 3.875% and APR of 4.018% today.
5 year ARM interest rates at PHH have been published at 3.875% carrying an APR of 4.138% to start. The 7/1 ARM deals can be had for 3.875% carrying an APR of 4.110%. 10 year ARM loans are being quoted at 3.920% currently with an APR of 4.101%.
How much is it to refinance?
The benchmark 30 year refinance loan deals stand at 3.50% at PHH and an APR of 3.723%. Shorter term 15 year refinance fixed rate loans have been quoted at 2.75% at the bank today and an APR of 3.239%. The 7 year refi Adjustable Rate Mortgages are on the books at 2.625% today with a starting APR of 3.141%.
Related to the market discussion, this particular bank’s stock increased to 11.26 up +0.31%.