10 year fixed rate loans are coming out at 3.125% yielding an APR of 3.311% today. The best 20 year loan interest rates are 4.125% with an APR of 4.227% today.
5 year Adjustable Rate Mortgages can be had for 3.125% at Commerce with an APR of 3.030% to start. The 7 year ARM deals are coming out at 3.500% and APR of 3.234%.
Rates banks charge are often impacted by mortgage bonds and securities that follow stock market motions. The stock market weakend by the end of trading to leave the DJIA at 15,337.70 a decrease of -113.35.
Mortgage rates at Commerce moved in the same direction as the market’s performance. On the topic of stocks, the stock price of Commerce gained ground to 45.33 up +0.49%.