Standard 30 year fixed rate loans at HSBC Bank (NYSE:HBC) are published at 4.09% yielding an APR of 4.177% today. The short term, popular 15 year loan interest rates can be had for 3.625% yielding an APR of 3.775% today.
5/1 ARMs at HSBC start at 4% with an APR of 4.166%. The 7 year ARM interest rates are being quoted at 3.96% currently carrying an APR of 4.133%. ARMs in the 10 year category can be had for 4% today and an APR of 4.134%.
Also in the market, HSBC’s own stock price dropped sharply to 1.68 down -5.62%.