The benchmark 30 year loan deals are being quoted at 4.09% at HSBC Bank (NYSE:HBC) and an APR of 4.177%. The shorter term, popular 15 year FRM interest rates start at 3.625% and APR of 3.775% today.
The 5/1 ARM loans at HSBC stand at 4% and an APR of 4.166%. ARMs and their APRs change as interest rates move up and down. The 7/1 ARM interest rates are published at 3.96% with a starting APR of 4.133%. The 10 year ARM deals have been published at 4% currently carrying an APR of 4.134%.
Closer to home, HSBC’s own stock nose dived to 1.68 down -0.10.
The best 30 year fixed rate mortgages have been listed at 4.125% at PHH Mortgage yielding an APR of 4.190%. Shorter term 15 year loan interest rates at the bank are available starting at 3.590% today and an APR of 3.772%.
10 year fixed rate mortgage interest rates have been offered at 3.590% today yielding an APR of 3.853%. The best 20 year FRMs are 3.875% at the bank and APR of 4.018%.
The 5/1 Adjustable Rate Mortgage interest rates at PHH are 3.875% carrying an APR of 4.138%. The 7/1 Adjustable Rate Mortgage interest rates are available starting at 3.875% yielding an APR of 4.110% to start. The 10 year ARM deals are coming out at 3.920% with an APR of 4.101%.
Refinancing Your Home
The benchmark 30 year refinance fixed rate loans at PHH are on the books at 3.50% carrying an APR of 3.723%. The short term, popular 15 year refinance loan interest rates stand at 2.75% with an APR of 3.239%. ARM loans in the 7 year refi category have been listed at 2.625% and the APR is 3.141%.
Closer to home, this particular bank’s stock moved higher to 11.26 up +0.31%.