30 year fixed rate mortgage interest rates are on the books at 4.480% at HSBC Bank (NYSE:HBC) and APR of 4.551%. The best 30 year FHA fixed rate loans have been offered at 4.125% at the bank yielding a bit higher APR than the conventional loan of 4.365%. VA 30 year FRMs can be had for 4.125% with an APR of 4.371%.
The short term 15 year fixed rate mortgage interest rates at the bank are coming out at 3.530% and an APR of 3.652%.
The 5 year ARM loans are published at 3.210% at HSBC with a starting APR of 2.975%. 7/1 ARM loans have been quoted at 3.500% with a starting APR of 3.164%. 10 year ARM interest rates start at 3.875% with a starting APR of 3.510%.
Market and Mortgages
Rates are usually impacted by mortgage bonds and securities which follow stock market motions. Stocks dropped by the end of trading today to leave the DJIA at 15,337.70 a decrease of -113.35.
Mortgages at HSBC decided not to move with the stock traders today. Specifically, the stock price of HSBC dropped to 55.44 down -0.11%.