30 year loan deals have been published at 4.375% at Bank of America (NYSE:BAC) carrying an APR of 4.514% today. The shorter term, popular 15 year loan interest rates at the bank start at 3.500% and an APR of 3.701% today.
The 5 year ARM interest rates at Bank of America have been quoted at 3.000% 5/1 ARM interest rate and payment subject to increase after 5 years. carrying an APR of 2.944%.
Today’s Refinance Rates
The best 30 year refinance FRMs are being offered for 4.500% at Bank of America carrying an APR of 4.620%. Shorter term, popular 15 year refi loan interest rates are being offered for 3.500% at the bank and an APR of 3.740% today. ARM interest rates in the 5 year refi category at BoA can be had for 3.375% 5/1 ARM interest rate and payment subject to increase after 5 years.. with a starting APR of 3.057%.
All the mortgage rates published by banks are usually steered by mortgage backed security prices that usually move with the stock market. Stock markets weakend in today’s trading leaving the DJIA at 15,337.70 a decrease of -113.35.
As expected Bank of America tracked with Wall Street. Specifically, Bank of America’s own stock increased to 14.45 up +0.87%.