The best 30 year loan interest rates are coming out at 4.09% at HSBC Bank (NYSE:HBC) and an APR of 4.177%. The short term 15 year fixed rate mortgages are being quoted at 3.625% today yielding an APR of 3.775%.
In the ARM arena, 5 year deals at HSBC have been offered at 4% carrying an APR of 4.166% to start. 7/1 ARM loans are 3.96% and an APR of 4.133%. The 10/1 Adjustable Rate Mortgages have been offered at 4% currently yielding an APR of 4.134%.
Closer to home, HSBC’s own stock plunged to 1.68 down -0.10.