The best 30 year FRMs at HSBC Bank (NYSE:HBC) start at 4.09% with an APR of 4.177% today. 15 year FRM interest rates have been offered at 3.625% at the bank carrying an APR of 3.775%.
ARM loans in the 5 year category at HSBC have been offered at 4% and the APR is 4.166%. The 7 year ARM interest rates can be had for 3.96% currently with a starting APR of 4.133%. The 10 year Adjustable Rate Mortgages are being quoted at 4% today and an APR of 4.134%.
Closer to home, HSBC’s stock price fell off the cliff to 1.68 down -0.10.