The best 30 year loan interest rates have been listed at 4.125% at PHH Mortgage today yielding an APR of 4.158%. The shorter term, popular 15 year FRMs start at 3.530% yielding an APR of 3.694%.
10 year loan deals start at 3.500% carrying an APR of 3.736%. The best 20 year loan interest rates are being quoted at 3.840% and an APR of 3.968% today.
As far as ARMs go, 5 year interest rates are listed at 3.690% at PHH Mortgage and the APR is 4.060% on initial purchase. 7 year ARM loans are coming out at 3.750% with a starting APR of 4.039%. ARMs in the 10 year category start at 3.875% showing an APR of 4.062%.
What does it cost to refinance?
The best 30 year refinance loan interest rates at PHH Mortgage start at 3.50% and an APR of 3.723% today. 15 year refi loan interest rates at the bank are 2.75% today with an APR of 3.239%. The 7/1 ARM loans have been quoted at 2.625% today with a starting APR of 3.141%.
Related to the market discussion, PHH Mortgage’s stock price waned to 11.47 down -0.10.