The benchmark 30 year FRMs are listed at 4.000% at Commerce Bank today carrying an APR of 4.103%. The shorter term 15 year fixed rate loans are being offered for 3.500% and APR of 3.643% today.
10 year fixed rate loans stand at 3.375% today yielding an APR of 3.581%. 20 year FRMs are being offered for 3.875% carrying an APR of 4.017%.
The 5 year ARM interest rates at Commerce are listed at 3.125% with a starting APR of 4.027%. 7 year Adjustable Rate Mortgages have been listed at 3.375% today with an APR of 4.003%.
Related to the market discussion, this particular bank’s stock gained ground to 56.77 up +0.53%.