Standard 30 year fixed rate mortgages at Commerce Bank have been published at 4.250% today carrying an APR of 4.325%. The shorter term 15 year loan interest rates are on the books at 3.375% at the bank yielding an APR of 3.504% today.
10 year loan interest rates have been listed at 3.125% at the bank and an APR of 3.311% today. The best 20 year FRM interest rates are being offered for 4.000% carrying an APR of 4.102% today.
5 year ARM loans at Commerce start at 3.125% and an APR of 3.030%. ARMs and their APRs change as interest rates move up and down. The 7/1 Adjustable Rate Mortgage interest rates are being offered for 3.500% and an APR of 3.234%.
Related Market News
Refinance interest rates sometimes rise and fall with securities specifically for mortgages which go up and down with the markets. Security markets went down by market close with the DJIA at 15,337.70.
Not surprisingly the bank blindly followed the stock traders. Now Commerce’s own stock price strengthened to 45.33 up +0.22.