Standard 30 year fixed rate mortgages at HSBC Bank (NYSE:HBC) are 4.470% carrying an APR of 4.540%. 30 year FHA loan deals at the bank stand at 4.125% yielding an APR of 4.353%. VA 30 year interest rates have been published at 4.125% and an APR of 4.359%.
The short term, popular 15 year fixed rate loans are listed at 3.500% today and an APR of 3.621%.
ARMs in the 5 year category at HSBC start at 3.290% and the APR is 3.003% on initial purchase. ARM interest rates in the 7 year category are 3.540% currently with a starting APR of 3.182%. 10/1 Adjustable Rate Mortgages have been offered at 3.875% today carrying an APR of 3.509%.
Loan interest rates are often impacted by MBS security prices which roughly follow motions in the stock market. Markets dropped by close today putting the DJAI at 15,337.70 down -0.73%.
As expected the bank were in synch with the markets. Drilling down a bit, the banks stock declined to 55.44 down -0.06.