The benchmark 30 year loan deals are listed at 4.420% at HSBC Bank (NYSE:HBC) with an APR of 4.509%. The lower FHA 30 year mortgage interest rates start at 4.125% yielding a bit higher APR than the conventional loan of 4.317%. The VA 30 year interest rates are published at 4.125% and an APR of 4.313%.
Popular 15 year fixed rate mortgages at the bank are available starting at 3.480% today yielding an APR of 3.627%.
ARM interest rates in the 5 year category are listed at 3.210% at HSBC with a starting APR of 3.069%. 7 year Adjustable Rate Mortgages are being offered for 3.470% and an APR of 3.230%. 10/1 Adjustable Rate Mortgages are listed at 3.940% currently yielding an APR of 3.614%.
DOW and Stock Market Results
Loan interest rates often rise and fall with mortgage financial instruments that are dependent on the stock market. Markets waned in trading today to leave the DJIA at 15,337.70.
For today the bank departed from Wall Street’s direction. Related to the market discussion, HSBC’s own stock lost ground to 55.44 down -0.11%.