The benchmark 30 year loan deals at HSBC Bank (NYSE:HBC) start at 4.09% carrying an APR of 4.177% today. Shorter term 15 year loan interest rates at the bank have been listed at 3.625% today with an APR of 3.775%.
ARMs in the 5 year category at HSBC start at 4% with an APR of 4.166%. The 7/1 ARM loans are coming out at 3.96% today with a starting APR of 4.133%. The 10/1 ARMS are available starting at 4% today with an APR of 4.134%.
Independent of mortgage rates, HSBC’s own stock price dove to 1.68 down -0.10.