10 year FRM interest rates stand at 3.250% carrying an APR of 3.567%. The best 20 year fixed rate mortgage interest rates at the bank have been published at 4.000% with an APR of 4.248% today.
3 year ARM interest rates have been published at 2.500% currently and APR of 2.894%. 5/1 ARMs are 2.750% at BMO Harris with a starting APR of 2.949%. 7/1 Adjustable Rate Mortgages can be had for 3.375% today showing an APR of 3.248%. ARMs in the 10 year category have been published at 3.750% today with an APR of 3.585%.
Financial Market News
Loan rates often rise and fall with securities made up of mortgage packages which follow stock market motions. The stock market waned by market close to leave the DJIA at 15,337.70 up -0.73%.
Mortgages at BMO Harris did not move in the same direction as the day’s closing results. Separately, this particular bank’s stock increased to 62.60 up +0.45.