30 year fixed rate mortgages at HSBC Bank (NYSE:HBC) have been quoted at 4.09% carrying an APR of 4.177% today. The short term 15 year FRM interest rates can be had for 3.625% with an APR of 3.775% today.
As far as ARMs go, 5 year loans stand at 4% at HSBC with a starting APR of 4.166% which will change as interest rates adjust. The 7 year Adjustable Rate Mortgages stand at 3.96% carrying an APR of 4.133%. The 10/1 ARM loans are available starting at 4% and the APR is 4.134%.
And now, HSBC’s stock price plummeted to 1.68 down -5.62%.