The best 30 year loans at HSBC Bank (NYSE:HBC) are published at 4.500% and APR of 4.565% today. The FHA options for the 30 year loans are listed at 4.125% and an APR of 4.381%. VA 30 year mortgage interest rates start at 4.125% with an APR of 4.376%.
Popular 15 year loan deals at the bank start at 3.560% today with an APR of 3.673%.
The 5/1 ARM deals at HSBC are coming out at 3.330% carrying an APR of 3.013% to start. The 7/1 Adjustable Rate Mortgages stand at 3.580% currently with an APR of 3.197%. ARMs in the 10 year category are 3.940% currently and APR of 3.546%.
The bigger picture
Quotations of mortgage rates are sometimes impacted by mortgage related bonds that roughly follow motions in the stock market. Security markets went down today with the DJIA at 15,337.70 a decrease of -113.35.
Rates at the bank did not move in the same direction as the stock market direction. More specifically, the stock price of HSBC went down to 55.44 down -0.06.