30 year loan interest rates at HSBC Bank (NYSE:HBC) are 4.480% and an APR of 4.551%. The best 30 year FHA fixed rate loans start at 4.125% at the bank yielding an APR of 4.365%. The VA 30 year fixed rate mortgages are 4.125% and APR of 4.371%.
Shorter term, popular 15 year fixed rate loan interest rates are 3.530% today carrying an APR of 3.652%.
In the ARM arena, 5 year loans have been published at 3.210% at HSBC with a starting APR of 2.975% which will change as interest rates adjust. ARMs in the 7 year category have been published at 3.500% currently with an APR of 3.164%. The 10/1 ARM loans are on the books at 3.875% yielding an APR of 3.510%.
DOW and Stock Market Results
Rates for mortgage loans go up and down with mortgage backed securities that move in concert with the stock market. Wall street lowered today putting the DOW at 15,337.70 down -0.73%.
As expected the bank tracked with the markets. Independent of mortgage rates, HSBC’s own stock price declined to 55.44 down -0.06.