Standard 30 year fixed rate mortgages are on the books at 4.375% at BMO Harris Bank yielding an APR of 4.613% today. The short term 15 year fixed rate mortgages have been listed at 3.375% at the bank and an APR of 3.592% today.
10 year fixed rate loans at the bank have been offered at 3.250% today carrying an APR of 3.540%. 20 year FRMs have been offered at 4.000% carrying an APR of 4.277% today.
The 3 year ARMs are coming out at 2.625% currently and an APR of 2.921%. In the ARM arena, 5 year deals at Harris Bank have been listed at 2.875% with an APR of 2.995% to start. 7/1 ARM loans are being offered for 3.375% and an APR of 3.248%. ARM loans in the 10 year category have been offered at 3.750% and the APR is 3.585%.
Related Market News
Big bank mortgage rates sometimes move with market traded MBS prices which move in concert with the stock market. The stock market weakend in trading today leaving the DJIA at 15,337.70.
For today at least Harris Bank moved along with the trading pattern of the day. And now, Harris Bank’s own stock ticker rose to 62.60 up +0.45.