The benchmark 30 year FRMs at HSBC Bank (NYSE:HBC) are 4.09% and an APR of 4.177%. The shorter term, popular 15 year loan deals stand at 3.625% at the bank yielding an APR of 3.775% today.
As far as ARMs go, 5 year interest rates at HSBC are on the books at 4% yielding an APR of 4.166% at present. 7/1 ARMs are published at 3.96% carrying an APR of 4.133%. ARM loans in the 10 year category are available starting at 4% with an APR of 4.134%.
Also in the market, the banks stock price fell off the cliff to 1.68 down -5.62%.