Mortgage Rates Today: PHH Mortgage Packages Slightly Up Though Highly Competitive
With the national averages having increased slightly over previous days, the rates and package being advertised today by PHH Mortgage (NYSE:PHH) have followed suit, though still offer quite staggering value for money when compared to both weeks and months gone by.
With regard to the abundant options available for new and previously owned home purchase, 30 year fixed deals can today be taken out for 4.250% and a resulting APR of 4.425%, while the equally popular 15 year term can be arranged for 3.540% and an APR of 3.846%.
Those looking to clear their balance in just 10 years can expect a rate of 3.460% and an APR of 3.901%, while the 40 year alternative is today at 5.375% and an APR of 5.529%.
7/1 ARM package are being offered with a starting rate of 3.125% and an APR of 3.292%, while the 5/1 ARM is today at 2.960% and an APR of 3.234%.
As can be seen, the mortgage rates on offer today are something of a mixed bag with a number of ups and downs across the board. However, with most lenders across the US following national averages, the slight increase may be something of a sign that from here on in, the only way is up.
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