The benchmark 30 year FRMs are available starting at 4.000% at Commerce Bank and APR of 4.103%. The shorter term 15 year fixed rate loan interest rates at the bank start at 3.500% yielding an APR of 3.643% today.
10 year FRM interest rates are available starting at 3.375% at the bank yielding an APR of 3.581%. 20 year fixed rate mortgage interest rates have been quoted at 3.875% today yielding an APR of 4.017%.
As far as ARMs go, 5 year deals are on the books at 3.125% at Commerce and APR of 4.027%. 7 year ARMs are being quoted at 3.375% with an APR of 4.003%.
More specifically, Commerce’s own stock ticker improved to 56.77 up +0.30.