The benchmark 30 year loan deals have been published at 4.375% at Bank of America (NYSE:BAC) with an APR of 4.497%. The shorter term 15 year loan interest rates are coming out at 3.500% today yielding an APR of 3.678%.
The 5/1 Adjustable Rate Mortgage interest rates stand at 3.000% at Bank of America yielding an APR of 2.933% at present.
Refinance Mortgage Loans
30 year refinance loan interest rates stand at 4.375% at Bank of America and APR of 4.497%. Shorter term, popular 15 year refi loan interest rates are 3.500% at the bank today with an APR of 3.678%. The 5/1 ARMS are listed at 3.000% at Bank of America. with a starting APR of 2.933%.
Stock and Mortgage Update
Quotations of mortgage rates usually move with mortgages packaged into financial instruments that go up and down with the stock market. Wall street waned by close of day to leave the DOW at 15,337.70.
Today the bank tracked with the days trading results. Related to the market discussion, Bank of America’s own stock ticker gained ground to 14.45 up +0.13.