The benchmark 30 year loan deals start at 4.125% at PHH Mortgage and an APR of 4.158%. Shorter term, popular 15 year fixed rate mortgages start at 3.530% yielding an APR of 3.694%.
10 year FRMs are 3.500% and APR of 3.736%. 20 year loan interest rates are coming out at 3.840% carrying an APR of 3.968% today.
The 5 year ARM loans at PHH Mortgage are 3.690% and the APR is 4.060% on initial purchase. 7/1 Adjustable Rate Mortgages are 3.750% currently carrying an APR of 4.039%. 10/1 ARM loans are published at 3.875% currently with a starting APR of 4.062%.
Refinancing Your Home
The benchmark 30 year refinance loans are published at 3.50% at PHH Mortgage yielding an APR of 3.723% today. The shorter term, popular 15 year refinance fixed rate loans at the bank are listed at 2.75% today and an APR of 3.239%. The 7/1 Adjustable Rate Mortgage interest rates have been quoted at 2.625% yielding an APR of 3.141%.
Drilling down a bit, the stock price of PHH Mortgage lost ground to 11.47 down -0.82%.