The benchmark 30 year FRM interest rates stand at 4.000% at Commerce Bank and an APR of 4.103%. The short term 15 year fixed rate mortgage interest rates have been quoted at 3.500% at the bank today with an APR of 3.643%.
10 year fixed rate loans are listed at 3.375% and an APR of 3.581% today. The best 20 year loans at the bank are listed at 3.875% and an APR of 4.017% today.
5/1 ARM interest rates at Commerce are on the books at 3.125% and APR of 4.027%. The 7 year ARM deals have been published at 3.375% today with an APR of 4.003%.
Related to the market discussion, the banks stock improved to 56.77 up +0.30.
Standard 30 year loans at Quicken Loans start at 3.25% today with an APR of 3.704%. The VA 30 year loans start at 3.375% and APR of 3.787%.
The short term 15 year FRMs have been offered at 3.625% and an APR of 3.91%.
The 5/1 ARM interest rates at Quicken Loans have been published at 3.875% carrying an APR of 4.136% to start.