The best 30 year fixed rate loan interest rates are on the books at 3.48% at HSBC Bank (NYSE:HBC) and an APR of 3.562%. The short term, popular 15 year loan deals have been listed at 2.84% at the bank yielding an APR of 2.982%.
The 5/1 ARM deals at HSBC start at 2.875% and an APR of 3.361%. The 7/1 ARM loans start at 3.04% with a starting APR of 3.367%. ARM interest rates in the 10 year category are on the books at 3.21% currently with an APR of 3.404%.
The bigger picture
Refinance and mortgage rates sometimes vary because of market traded MBS prices which are in concert with stock market movements. Overall markets dropped in today’s trading with the DJIA at 17895.88 a decrease of -22.74.
However the bank did not move along with the DJIA direction. Specifically, this particular bank’s stock price nose dived to 1.40 down -0.14.
30 year FRM interest rates at PNC Bank (NYSE:PNC) have been listed at 3.625% today yielding an APR of 3.693%. The short term, popular 15 year loan interest rates are on the books at 2.875% today with an APR of 3.063%.
10 year fixed rate mortgages at the bank are published at 2.750% yielding an APR of 3.022% today. The best 20 year fixed rate loans are 3.375% today with an APR of 3.510%.
Interest Rates for Refinancing Your Home
The best 30 year refinance loan interest rates at PNC have been quoted at 3.750% yielding an APR of 3.857%. Popular 15 year refinance FRM interest rates have been listed at 3.250% and APR of 3.400%. 10 year refinance loan interest rates have been published at 3.125% yielding an APR of 3.395%. The best 20 year refinance fixed rate loan interest rates at the bank are available starting at 3.625% yielding an APR of 3.730% today.
Rates banks charge change as a result of mortgage related bond prices which sometimes move with the stock market. Stock markets lost ground in today’s trading putting the DJAI at 17895.88.
This time the bank did not move in the same direction as the day’s trading results. Related to the market discussion, this particular bank’s stock moved ahead to 79.46 up +0.13%.