The best 30 year fixed rate mortgage interest rates start at 4.410% at HSBC Bank (NYSE:HBC) today carrying an APR of 4.471%. 30 year FHA loan interest rates start at 4.125% carrying an APR of 4.324%. The VA 30 year interest rates can be had for 4.125% and APR of 4.319%.
The short term, popular 15 year loan deals have been published at 3.480% yielding an APR of 3.589% today.
The 5/1 ARM interest rates are published at 3.170% at HSBC carrying an APR of 2.955%. 7/1 ARM interest rates are published at 3.420% with an APR of 3.120% to start. ARM loans in the 10 year category have been offered at 3.840% currently with a starting APR of 3.480%.
How are the mortgage rates connected to the stock market?
Big bank interest rates fluctuate usually because of market traded MBSs that move in concert with the stock market. Financial markets declined by close of day to leave the DJIA at 15,337.70.
Mortgages at HSBC did not take the lead of the market direction today. Closer to home, this particular bank’s stock price declined to 55.44 down -0.11%.