Standard 30 year FRM interest rates are published at 4.000% at Commerce Bank with an APR of 4.103%. The short term, popular 15 year fixed rate mortgages are being offered for 3.500% with an APR of 3.643%.
10 year FRMs are on the books at 3.375% today and an APR of 3.581%. 20 year fixed rate mortgages start at 3.875% with an APR of 4.017%.
5/1 Adjustable Rate Mortgages have been offered at 3.125% at Commerce with an APR of 4.027%. The 7 year ARM deals have been offered at 3.375% currently and an APR of 4.003%.
And now, Commerce’s own stock ticker moved ahead to 56.77 up +0.30.