Sunday's Rates for Home Mortgages at PHH Mortgage Jul 6, 2014
10 year FRMs at the bank start at 2.970% and an APR of 3.406% today. 20 year loans are published at 3.940% carrying an APR of 4.177%.
The 3 year ARMs can be had for 3.750% currently and an APR of 3.271%. The 5 year Adjustable Rate Mortgages at PHH Mortgage are coming out at 2.875% carrying an APR of 2.957% to start. The 7/1 ARM loans are on the books at 3.220% with a starting APR of 3.132%. 10/1 ARM loans are available starting at 3.625% with an APR of 3.454% to start.
The best 30 year refinance fixed rate mortgages have been offered at 3.50% at PHH Mortgage carrying an APR of 3.723%. Popular 15 year refinance FRMs are coming out at 2.75% at the bank and APR of 3.239%. The 7/1 ARM deals have been published at 2.625% currently with an APR of 3.141%.
Interest rates banks charge are usually driven by mortgage related bond prices which go up and down with the markets. The stock market lowered by close of day putting the DJAI at 15,337.70 down -0.73%.
Mortgage rates at PHH Mortgage did not defy the financial markets. Separately, the stock price of PHH Mortgage fell to 21.89 down -0.50%.
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