Standard 30 year loans are being offered for 4.375% at Quicken Loans carrying an APR of 4.621% today. Popular 15 year loan interest rates at the bank are on the books at 3.375% carrying an APR of 3.777% today.
In the ARM arena, 5 year loans at Quicken Loans are being offered for 2.99% and an APR of 3.058% .
Mortgage Rates for Refinance
30 year refinance fixed rate loan interest rates can be had for 4.375% at Quicken Loans with an APR of 4.621% . 15 year refi fixed rate loans are being offered for 3.375% today carrying an APR of 3.777% . As far as ARMs go, 5 year refi loans start at 2.99% at Quicken Loans. and the APR is 3.058% .
Interest rates banks charge sometimes change because of MBS’s traded in security markets which roughly follow motions in the stock market. The stock market lost ground by the end of trading to leave the DOW at 15,337.70 a decrease of -113.35.
As expected Quicken Loans blindly followed the stock traders.