The benchmark 30 year fixed rate loans at BMO Harris Bank are being quoted at 4.375% today carrying an APR of 4.613%. The short term 15 year fixed rate loans are on the books at 3.375% and an APR of 3.610% today.
10 year fixed rate mortgage interest rates are coming out at 3.250% with an APR of 3.567%. 20 year loan interest rates are on the books at 4.000% carrying an APR of 4.262%.
The 3 year Adjustable Rate Mortgages stand at 2.500% yielding an APR of 2.993% to start. The 5 year ARM loans at BMO Harris can be had for 2.750% yielding an APR of 3.032% to start. The 7/1 ARMS have been quoted at 3.375% currently with a starting APR of 3.317%. ARMs in the 10 year category are on the books at 3.750% and APR of 3.634%.
Stock and Mortgage Update
All the mortgage rates published vary because of a set of mortgage related securities that roughly follow motions in the stock market. Markets went down by market close to leave the DJIA at 15,337.70.
For today at least BMO Harris did not defy the market’s performance. Specifically, BMO Harris’s own stock moved ahead to 62.60 up +0.72%.