30 year FRMs have been offered at 4.000% at Commerce Bank with an APR of 4.103%. Shorter term 15 year loans are being quoted at 3.500% today and an APR of 3.643%.
10 year fixed rate mortgage interest rates are 3.375% today with an APR of 3.581%. 20 year FRMs are listed at 3.875% carrying an APR of 4.017% today.
The 5 year ARM deals have been published at 3.125% at Commerce and the APR is 4.027%. 7/1 ARMs are coming out at 3.375% today with an APR of 4.003%.
Also in the market, the banks stock price moved higher to 56.77 up +0.30.