Standard 30 year loans at HSBC Bank (NYSE:HBC) stand at 4.410% today and an APR of 4.474%. The typically lower FHA 30 year mortgage interest rates are coming out at 4.125% with a bit higher APR of 4.305%. 30 year VA fixed rate loan interest rates stand at 4.125% and APR of 4.311%.
15 year FRMs stand at 3.460% and APR of 3.573% today.
5 year Adjustable Rate Mortgages at HSBC have been published at 3.210% with an APR of 2.971%. 7 year ARM loans are 3.460% with a starting APR of 3.141%. 10 year Adjustable Rate Mortgages can be had for 3.810% currently with a starting APR of 3.464%.
Market Impact on Mortgage Rates
Refinance and mortgage rates often move with mortgage bonds and security prices that go up and down with the markets. Security markets fell by close of day today to leave the DOW at 15,337.70 down -0.73%.
Mortgages at the bank tracked with the Wall Street direction. Closer to home, HSBC’s own stock price weakend to 55.44 down -0.06.