The benchmark 30 year FRM interest rates at Bank of America (NYSE:BAC) have been offered at 4.250% yielding an APR of 4.377%. The short term, popular 15 year fixed rate loans are listed at 3.375% at the bank today and an APR of 3.622%.
In the ARM arena, 5 year deals are being offered for 2.875% at BoA yielding an APR of 2.900% at the beginning of the loan.
Refinance Mortgage Loans Today
The best 30 year refinance fixed rate mortgage interest rates are being offered for 4.375% at BoA with an APR of 4.519% today. The shorter term 15 year refinance loan interest rates are published at 3.500% at the bank yielding an APR of 3.676%. 5/1 ARM interest rates at Bank of America are published at 3.250%. showing an APR of 3.007%.
Financial Market News
Loan interest rates vary because of securities made up of loan packages that roughly follow motions in the stock market. Stocks lowered in today’s trading to leave the DOW at 15,337.70 a decrease of -113.35.
Today’s rates at BoA moved along with the DJIA. Separately, BoA’s own stock strengthened to 14.45 up +0.13.