Today BofA currently offers a thirty-year fixed rate mortgage (FRM) at 4.750%, unchanged compared to yesterday's average. For a thirty-year fixed-rate mortgage, only the current rate is now 5.375%, also unchanged.
Two other common home loans are the five-year floating-rate mortgage (ARM) and the three-year ARM. Currently, five-year ARM with an average of 3.250%, while the five-year interest-only ARM at 3.625%
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