The benchmark 30 year loan interest rates can be had for 4.250% at Commerce Bank and an APR of 4.325%. Popular 15 year fixed rate mortgage interest rates have been quoted at 3.375% with an APR of 3.504%.
10 year loan interest rates are coming out at 3.125% at the bank and an APR of 3.311% today. 20 year fixed rate loans have been offered at 4.000% carrying an APR of 4.102%.
5 year ARM loans have been published at 3.125% at Commerce and the APR is 3.030%. The 7 year Adjustable Rate Mortgages are published at 3.500% currently and the APR is 3.234%.
Mortgage and refinance rates move up and down because of a set of mortgage related securities that usually move with the stock market. The stock market lowered by close of day putting the DJAI at 15,337.70 up -0.73%.
Not surprisingly the bank took the lead of the days market results. And now, Commerce’s own stock price strengthened to 45.33 up +0.49%.