GMAC Mortgage Interest Rates and HAMP Loans
GMAC is offering highly attractive mortgage rates today, most of which are along the same lines as yesterday’s competitive offers.
30 year fixed-term loans for purchase are being provided at 4.250% amounting to an APR of 4.376%, while popular 15 year fixed-rate terms for new purchase are at 3.375%, yielding a 3.629% APR today.
Jumbo 5 Year ARM loans can be taken out with an interest rate of 3.375% amounting to an APR of 3.312%, while the VA 30 Year Fixed option today sits at 4.125%, with an APR of 4.668% – both of which are similar to yesterday.
With regard to refinance options, 30 year fixed rate loans are today being offered at a fractionally increased rate of 4.125%, with an APR of 4.257%, while jumbo refinance loans on the other hand are also up at 3.000% with an APR of 3.194%.
The HAMP option for refinancing today sits at 4.125% with an APR of 2.264%, while the VA Loan option is available at 4.125% with an APR of 4.664% – both of which are slightly up from yesterday.
GMAC and the nation’s other major lenders have this week noted the first decline in weeks with regard to refinance applications, as the hysteria to secure the best possible terms across the country seems to be somewhat dying down.