10 year fixed rate mortgages are on the books at 3.125% today carrying an APR of 3.311%. The best 20 year fixed rate loan interest rates are available starting at 4.125% at the bank today yielding an APR of 4.227%.
As far as ARMs go, 5 year interest rates at Commerce can be had for 3.125% yielding an APR of 3.030% at present. ARMs in the 7 year category start at 3.500% today with a starting APR of 3.234%.
Interest rates for mortgages often change with mortgage financial instrument prices that usually move with the stock market. Markets fell in trading today to leave the DJIA at 15,337.70 up -0.73%.
For today at least the bank did not track with Wall Street. Related to the market discussion, the stock price of Commerce moved ahead to 45.33 up +0.22.