The benchmark 30 year FRMs at Commerce Bank have been listed at 4.000% yielding an APR of 4.103%. Shorter term, popular 15 year loan interest rates at the bank have been quoted at 3.500% today and an APR of 3.643%.
10 year fixed rate loan interest rates are being quoted at 3.375% with an APR of 3.581%. The best 20 year loans are coming out at 3.875% today with an APR of 4.017%.
The 5/1 ARM loans are published at 3.125% at Commerce with an APR of 4.027% to start. The 7 year ARM interest rates are being quoted at 3.375% today showing an APR of 4.003%.
Closer to home, Commerce’s own stock price moved higher to 56.77 up +0.30.