The benchmark 30 year FRMs are being quoted at 4.09% at HSBC Bank (NYSE:HBC) carrying an APR of 4.177% today. The short term 15 year fixed rate mortgages start at 3.625% and an APR of 3.775%.
5 year ARMs at HSBC stand at 4% carrying an APR of 4.166% to start. The 7/1 Adjustable Rate Mortgages have been offered at 3.96% currently and the APR is 4.133%. 10/1 ARM interest rates have been offered at 4% currently and APR of 4.134%.
Closer to home, HSBC’s own stock tumbled to 1.68 down -0.10.
The best 30 year loan deals at Commerce Bank are coming out at 4.000% yielding an APR of 4.103%. 15 year loans have been published at 3.500% today yielding an APR of 3.643%.
10 year fixed rate mortgage interest rates have been published at 3.375% at the bank and APR of 3.581%. The best 20 year FRMs at the bank are published at 3.875% carrying an APR of 4.017% today.
5 year ARM interest rates at Commerce have been offered at 3.125% with a starting APR of 4.027%. 7 year ARM interest rates are on the books at 3.375% today yielding an APR of 4.003%.
Now the stock price of Commerce rose to 56.77 up +0.53%.