30 year FRMs at HSBC Bank (NYSE:HBC) stand at 4.09% today carrying an APR of 4.177%. 15 year fixed rate loan interest rates at the bank have been offered at 3.625% today with an APR of 3.775%.
In the ARM arena, 5 year deals at HSBC are published at 4% yielding an APR of 4.166% to start. The 7 year ARM loans are 3.96% currently yielding an APR of 4.133% to start. The 10 year ARM deals are listed at 4% with a starting APR of 4.134%.
Now the banks stock price fell sharply to 1.68 down -0.10.