The best 30 year fixed rate mortgages at Commerce Bank start at 4.000% and APR of 4.103%. The short term, popular 15 year FRM interest rates are listed at 3.500% today and an APR of 3.643%.
10 year loan interest rates can be had for 3.375% at the bank with an APR of 3.581%. The best 20 year FRMs are on the books at 3.875% today with an APR of 4.017%.
The 5 year Adjustable Rate Mortgages have been published at 3.125% at Commerce with a starting APR of 4.027%. 7/1 ARM loans are coming out at 3.375% carrying an APR of 4.003%.
Related to the market discussion, Commerce’s stock price rose to 56.77 up +0.53%.
The benchmark 30 year fixed rate mortgage interest rates at HSBC Bank (NYSE:HBC) have been published at 4.09% and an APR of 4.177% today. Shorter term, popular 15 year fixed rate loan interest rates are being quoted at 3.625% with an APR of 3.775%.
The 5 year ARMs at HSBC are available starting at 4% and the APR is 4.166% on initial purchase. The 7 year Adjustable Rate Mortgages are coming out at 3.96% currently and APR of 4.133%. ARMs in the 10 year category have been listed at 4% today with a starting APR of 4.134%.
On the topic of stocks, HSBC’s own stock ticker fell sharply to 1.68 down -0.10.