10 year fixed rate mortgage interest rates are published at 3.250% at the bank today with an APR of 3.540%. 20 year FRM interest rates are being offered for 4.000% and APR of 4.292%.
The 3 year ARM loans have been published at 2.625% currently with an APR of 2.921% to start. 5/1 Adjustable Rate Mortgages at BMO Harris have been quoted at 2.875% with a starting APR of 2.995% which will change as interest rates adjust. 7/1 ARM interest rates are listed at 3.375% currently carrying an APR of 3.248%. The 10 year ARMs are coming out at 3.750% showing an APR of 3.585%.
Mortgage and refinance rates usually move with securities made up of mortgage packages that usually move with the stock market. Stocks lowered in trading today putting the DOW at 15,337.70 up -0.73%.
This time BMO Harris moved in the same direction as the stock market. More specifically, this particular bank’s stock price increased to 62.60 up +0.72%.