30 year loan interest rates have been published at 4.375% at Commerce Bank and an APR of 4.450% today. The short term, popular 15 year loan interest rates are listed at 3.375% at the bank and an APR of 3.504% today.
10 year fixed rate mortgage interest rates are available starting at 3.125% today with an APR of 3.311%. The best 20 year FRM interest rates are being quoted at 4.000% at the bank today yielding an APR of 4.102%.
In the ARM arena, 5 year deals start at 3.125% at Commerce with an APR of 3.030% to start. 7 year ARM loans are 3.500% with a starting APR of 3.234%.
Mortgage and refinance rates are impacted by MBS’s traded on finance markets which track with the stock market. Overall markets dropped in trading today to leave the DOW at 15,337.70 a decrease of -113.35.
Mortgage rates at Commerce took a different path than the DJIA performance. And now, the banks stock improved to 45.33 up +0.22.