BMO Harris Bank
Standard 30 year loan interest rates are on the books at 3.625% at BMO Harris Bank and APR of 3.749%. Shorter term 15 year fixed rate mortgages have been listed at 3.000% at the bank today and an APR of 3.182%.
10 year loan interest rates start at 2.875% at the bank today and an APR of 3.139%. 20 year FRMs stand at 3.375% yielding an APR of 3.691%.
The 3 year ARM loans have been offered at 3.000% today with a starting APR of 3.489%. The 5/1 Adjustable Rate Mortgages at BMO Harris are being offered for 2.750% with a starting APR of 3.338%. The 7/1 Adjustable Rate Mortgages are being offered for 3.125% today and the APR is 3.427%. 10/1 ARMs are 3.250% currently with an APR of 3.449%.
The bigger picture
Quotations of mortgage rates usually rise and fall with MBS’s that are dependent on the stock market. Stock markets strengthened by close of day putting the DOW at 17899.00 an increase of +50.00.
Interest rates at BMO Harris did not move along with the day’s trading results today. Also in the market, this particular bank’s stock fell to 63.99 down -0.87%.
Standard 30 year fixed rate mortgage interest rates are being offered for 3.50% at Quicken Loans and an APR of 3.777%. 30 year VA fixed rate mortgage interest rates stand at 3.25% and an APR of 3.474%.
The short term 15 year loan interest rates at the bank have been offered at 2.75% and APR of 3.218%.
In the ARM arena, 5 year loans at Quicken start at 2.875% carrying an APR of 3.612%.
Stock Market Movement Today
Refinance and mortgage rates fluctuate sometimes because of mortgage financial instruments that are traded in the stock market. Markets gained ground in today’s trading to leave the DOW at 17899.00.
However Quicken followed a different course than the DJIA performance.