Standard 30 year FRMs are 4.000% at Commerce Bank and APR of 4.103% today. The shorter term, popular 15 year fixed rate mortgage interest rates are on the books at 3.500% carrying an APR of 3.643% today.
10 year loan interest rates are coming out at 3.375% at the bank and an APR of 3.581% today. 20 year FRM interest rates are being quoted at 3.875% at the bank with an APR of 4.017%.
In the ARM arena, 5 year interest rates at Commerce start at 3.125% with a starting APR of 4.027% which will change as interest rates adjust. 7/1 ARMs are published at 3.375% today with a starting APR of 4.003%.
On the topic of stocks, the banks stock price increased to 56.77 up +0.53%.