30 year fixed rate mortgages have been quoted at 4.125% at Commerce Bank yielding an APR of 4.228% today. The shorter term 15 year loan interest rates can be had for 3.375% at the bank and APR of 3.518%.
10 year loans are on the books at 3.250% with an APR of 3.456% today. 20 year loan interest rates stand at 3.750% and APR of 3.891%.
The 5 year ARM deals are available starting at 3.250% at Commerce with a starting APR of 3.672%. 7 year ARM interest rates have been published at 3.500% today yielding an APR of 3.733%.
Independent of mortgage rates, Commerce’s stock price waned to 52.91 down -2.43%.