Standard 30 year FRMs are being offered for 4.125% at PHH Mortgage today yielding an APR of 4.190%. The shorter term, popular 15 year fixed rate mortgages stand at 3.590% today with an APR of 3.772%.
10 year loans have been offered at 3.590% at the bank carrying an APR of 3.853% today. 20 year loan interest rates are 3.875% today yielding an APR of 4.018%.
ARMs in the 5 year category at PHH Mortgage are on the books at 3.875% with an APR of 4.138%. ARMs in the 7 year category have been offered at 3.875% today and APR of 4.110%. The 10/1 ARM loans can be had for 3.920% showing an APR of 4.101%.
How about refinance mortgage rates?
The best 30 year refinance loan deals at PHH Mortgage are published at 3.50% and APR of 3.723% today. Shorter term 15 year refi fixed rate mortgages stand at 2.75% today carrying an APR of 3.239%. ARMs in the 7 year refinance category are available starting at 2.625% today with an APR of 3.141%.
Related to the market discussion, PHH Mortgage’s own stock price moved ahead to 11.26 up +0.04.
The best 30 year fixed rate loans at Wells Fargo (NYSE:WFC) are being offered for 4.000% and an APR of 4.050% today. The typically lower FHA 30 year loans at the bank stand at 5.125% yielding a bit higher APR than the conventional loan of 6.176%. Shorter term 15 year fixed rate loan interest rates at the bank are being offered for 4.000% today carrying an APR of 4.295%.
5/1 ARMs at Wells Fargo are listed at 3.500% and the APR is 3.588%. 5/1 FHA ARM loans are being quoted at 3.875% and APR of 4.067%.
Refinance Interest Rates
The benchmark 30 year refinance fixed rate mortgages at Wells Fargo are being quoted at 4.000% today carrying an APR of 4.050%. The best 30 year refinance FHA fixed rate mortgage interest rates are coming out at 5.125% at the bank yielding an APR of 6.176% today. The higher interest jumbo 30 year refinance mortgage loans at the bank stand at 3.875% yielding an APR of 3.977%.
Large (in eligible areas) 30 year FHA refinance fixed rate loan interest rates start at 4.125% carrying an APR of 4.132%.
15 year refinance fixed rate mortgage interest rates are being quoted at 4.000% and APR of 4.067% today. As far as refi FHA ARMs go, 5 year interest rates start at 3.875% with an APR of 4.067%. The 7 year refinance ARM deals are listed at 3.500% currently with an APR of 3.588% to start.
Now Wells Fargo’s own stock increased to 54.54 up +0.89%.