The benchmark 30 year loan interest rates at Bank of America (NYSE:BAC) are listed at 3.750% and an APR of 3.891% today. The short term 15 year fixed rate loans at the bank are coming out at 3.250% today with an APR of 3.504%.
5 year Adjustable Rate Mortgages have been listed at 2.625% at Bank of America and the APR is 2.932% on initial purchase. The 7 year ARM loans have been quoted at 2.750% today yielding an APR of 2.976%. ARM loans in the 10 year category have been offered at 3.375% currently and the APR is 3.319%.
The benchmark 30 year refinance loans have been published at 3.875% at Bank of America today with an APR of 4.039%. The short term, popular 15 year refi FRMs at the bank can be had for 3.250% today and an APR of 3.508%. 5/1 Adjustable Rate Mortgages at Bank of America are 2.625%. and an APR of 2.927%. 7 year refinance ARM loans are being offered for 2.750% currently with a starting APR of 2.969%. 10/1 ARMs are coming out at 3.375% yielding an APR of 3.324%.