10 year FRM interest rates at the bank start at 3.250% and APR of 3.567%. 20 year FRMs can be had for 4.000% at the bank yielding an APR of 4.292% today.
The 3 year ARM loans are listed at 2.625% currently and APR of 2.921%. 5 year ARM interest rates are being offered for 2.875% at Harris Bank carrying an APR of 2.995% to start. The 7 year ARM loans have been quoted at 3.375% currently with a starting APR of 3.248%. 10/1 ARMs are coming out at 3.750% today yielding an APR of 3.585%.
From the finance side
Mortgage rates fluctuate sometimes because of a set of mortgage related securities which partially track with the stock market. Securities fell by close of day putting the DJAI at 15,337.70.
This time the bank followed the market direction. Related to the market discussion, Harris Bank’s own stock improved to 62.60 up +0.45.