Standard 30 year loan interest rates at BMO Harris Bank are published at 4.375% carrying an APR of 4.673%. The short term, popular 15 year fixed rate mortgage interest rates are being offered for 3.375% at the bank and an APR of 3.636%.
10 year loan interest rates can be had for 3.250% at the bank yielding an APR of 3.604%. The best 20 year fixed rate mortgages are on the books at 4.250% at the bank yielding an APR of 4.508% today.
The 3/1 ARMS are available starting at 2.625% and the APR is 2.925%. 5 year ARMs at Harris Bank can be had for 2.875% with a starting APR of 2.999% which will change as interest rates adjust. 7 year ARM interest rates stand at 3.375% and the APR is 3.253%. 10/1 Adjustable Rate Mortgages have been published at 3.875% currently carrying an APR of 3.669%.
Stock Market Update
Interest rates for mortgages vary with mortgage bonds and security prices which partially track with the stock market. Security markets went down by the end of trading today putting the DOW at 15,337.70 a decrease of -113.35.
Mortgages at the bank moved along with the days market results. Related to the market discussion, this particular bank’s stock gained ground to 62.60 up +0.72%.