Standard 30 year FRMs are being quoted at 4.000% at Commerce Bank carrying an APR of 4.103%. The short term 15 year loans at the bank stand at 3.500% today and an APR of 3.643%.
10 year fixed rate mortgages are coming out at 3.375% at the bank and an APR of 3.581% today. The best 20 year fixed rate mortgage interest rates start at 3.875% at the bank carrying an APR of 4.017%.
The 5 year ARM loans at Commerce have been offered at 3.125% with a starting APR of 4.027%. The 7 year ARM interest rates can be had for 3.375% currently carrying an APR of 4.003%.
Independent of mortgage rates, the banks stock price moved higher to 56.77 up +0.53%.