The benchmark 30 year loan interest rates are 4.09% at HSBC Bank (NYSE:HBC) carrying an APR of 4.177% today. The short term, popular 15 year FRMs have been offered at 3.625% at the bank with an APR of 3.775%.
5 year ARM loans at HSBC are being quoted at 4% carrying an APR of 4.166% to start. The 7/1 Adjustable Rate Mortgage interest rates are being quoted at 3.96% currently with an APR of 4.133%. 10/1 ARM loans are being quoted at 4% currently and APR of 4.134%.
Now the stock price of HSBC fell off the cliff to 1.68 down -0.10.