The benchmark 30 year fixed rate mortgage interest rates are being quoted at 4.250% at Commerce Bank today and an APR of 4.325%. Shorter term 15 year loan interest rates are available starting at 3.375% at the bank with an APR of 3.504%.
10 year loan interest rates are 3.125% at the bank and an APR of 3.311%. 20 year FRMs at the bank start at 3.875% yielding an APR of 3.977% today.
The 5/1 Adjustable Rate Mortgage interest rates are being offered for 3.125% at Commerce with a starting APR of 3.030% which will change as interest rates adjust. The 7 year ARMs can be had for 3.500% currently carrying an APR of 3.234%.
Stock and Mortgage Performance
All the mortgage interest rates are usually impacted by a set of mortgage related securities that go up and down with the stock market. Stock markets fell by the end of trading to leave the DJIA at 15,337.70.
This time Commerce blindly followed the days closing results. Separately, Commerce’s stock price moved higher to 45.33 up +0.22.