10 year loan interest rates can be had for 3.125% at the bank today yielding an APR of 3.311%. 20 year loan deals are available starting at 4.000% at the bank yielding an APR of 4.102% today.
The 5 year ARM interest rates at Commerce are on the books at 3.125% and an APR of 3.030%. ARMs and their APRs change as interest rates move up and down. 7 year ARM interest rates have been published at 3.500% currently with an APR of 3.234% to start.
All the mortgage rates sometimes vacillate with MBS’s traded in security markets that move with the stock market. Markets dropped by the end of trading today putting the DOW at 15,337.70 a decrease of -113.35.
Today’s rates at Commerce blindly followed the stock market direction. On the topic of stocks, Commerce’s own stock ticker rose to 45.33 up +0.49%.