The benchmark 30 year FRMs at Commerce Bank can be had for 4.000% carrying an APR of 4.103% today. Popular 15 year loan interest rates at the bank are being quoted at 3.500% yielding an APR of 3.643%.
10 year loan deals at the bank have been offered at 3.375% today carrying an APR of 3.581%. 20 year FRM interest rates start at 3.875% and APR of 4.017%.
The 5 year ARM interest rates at Commerce have been listed at 3.125% showing an APR of 4.027%. 7 year ARMs are being quoted at 3.375% yielding an APR of 4.003%.
Related to the market discussion, Commerce’s own stock rose to 56.77 up +0.53%.