30 year loan deals are being quoted at 4.125% at PHH Mortgage today carrying an APR of 4.190%. The shorter term, popular 15 year FRM interest rates start at 3.590% today carrying an APR of 3.772%.
10 year FRM interest rates at the bank have been quoted at 3.590% yielding an APR of 3.853%. The best 20 year loan interest rates stand at 3.875% at the bank today carrying an APR of 4.018%.
The 5/1 ARMS have been listed at 3.875% at PHH Mortgage yielding an APR of 4.138% to start. ARMs in the 7 year category are being quoted at 3.875% carrying an APR of 4.110%. 10 year ARM loans are published at 3.920% showing an APR of 4.101%.
Refinance Mortgage Loans
The benchmark 30 year refinance FRM interest rates are published at 3.50% at PHH Mortgage carrying an APR of 3.723% today. Shorter term 15 year refi fixed rate mortgages start at 2.75% and APR of 3.239%. The 7 year refinance ARM interest rates are available starting at 2.625% currently and an APR of 3.141%.
Related to the market discussion, PHH Mortgage’s own stock ticker moved higher to 11.26 up +0.31%.
The best 30 year loan interest rates at Wells Fargo (NYSE:WFC) have been offered at 4.000% and an APR of 4.050%. The best 30 year FHA loans are 5.125% with a bit higher APR of 6.176%. The short term, popular 15 year loan interest rates are 4.000% today yielding an APR of 4.295%.
5 year Adjustable Rate Mortgages start at 3.500% at Wells yielding an APR of 3.588% to start. 5/1 FHA Adjustable Rate Mortgages have been listed at 3.875% with a starting APR of 4.067%.
Now on to Refinance Mortgage Rates
30 year refinance FRMs start at 4.000% at Wells and an APR of 4.050%. The best 30 year refinance FHA fixed rate mortgage interest rates are 5.125% today carrying an APR of 6.176%. 30 year refinance jumbo loan interest rates are coming out at 3.875% at the bank and APR of 3.977% today.
Large (in eligible areas) 30 year FHA refinance loans are available starting at 4.125% and APR of 4.132%.
15 year refi fixed rate mortgage interest rates have been listed at 4.000% at the bank today yielding an APR of 4.067%. 5/1 refi FHA ARM loans are 3.875% with an APR of 4.067%. The 7 year refi ARM loans have been listed at 3.500% today and an APR of 3.588%.
More specifically, Wells’s own stock price improved to 54.54 up +0.48.