30 year fixed rate loans at HSBC Bank (NYSE:HBC) have been quoted at 4.09% and an APR of 4.177%. The shorter term 15 year loan interest rates at the bank are on the books at 3.625% today carrying an APR of 3.775%.
As far as ARMs go, 5 year deals have been quoted at 4% at HSBC with a starting APR of 4.166%. The 7/1 ARM interest rates are on the books at 3.96% today with an APR of 4.133%. 10 year ARMs are listed at 4% today with an APR of 4.134%.
Related to the market discussion, this particular bank’s stock plunged to 1.68 down -0.10.