10 year fixed rate mortgages have been offered at 3.250% today with an APR of 3.540%. The best 20 year loan deals at the bank are available starting at 4.000% carrying an APR of 4.292% today.
3 year ARM interest rates can be had for 2.625% carrying an APR of 2.921%. In the ARM arena, 5 year interest rates at BMO Harris are being offered for 2.875% yielding an APR of 2.995% at present. 7/1 ARMs have been published at 3.375% and an APR of 3.248%. The 10 year ARM deals are available starting at 3.750% carrying an APR of 3.585%.
All the mortgage rates are sometimes impacted by mortgage backed securities that follow stock market motions. Markets weakend by market close with the DJIA at 15,337.70 up -0.73%.
Today BMO Harris were in synch with the DJIA results. Independent of mortgage rates, this particular bank’s stock improved to 62.60 up +0.72%.