10 year fixed rate mortgage interest rates are available starting at 3.375% yielding an APR of 3.818% today. 20 year loan deals at the bank have been offered at 4.420% today carrying an APR of 4.664%.
The 3 year ARMs have been quoted at 4.875% currently with an APR of 3.616% to start. The 5/1 ARM loans at PHH Mortgage are being offered for 3.190% with a starting APR of 3.152%. The 7/1 Adjustable Rate Mortgage interest rates have been offered at 3.625% currently and an APR of 3.394%. 10/1 ARM loans are coming out at 4.170% today and APR of 3.853%.
30 year refinance loan deals are listed at 3.50% at PHH Mortgage carrying an APR of 3.723% . 15 year refi loan interest rates at the bank are available starting at 2.75% with an APR of 3.239% . The 7 year refi ARM loans are on the books at 2.625% today with an APR of 3.141% .
Mortgage rates often change as a result of MBS prices that partially track with the stock market. Wall street declined by market close today to leave the DJIA at 15,337.70.
However PHH Mortgage decided not to follow the stock market. Now this particular bank’s stock went down to 21.89 down -0.50%.