30 year fixed rate mortgages have been offered at 4.09% at HSBC Bank (NYSE:HBC) yielding an APR of 4.177%. The shorter term 15 year FRMs are listed at 3.625% at the bank yielding an APR of 3.775%.
The 5 year ARM deals at HSBC are coming out at 4% with an APR of 4.166% to start. The 7 year ARMs are published at 3.96% with a starting APR of 4.133%. The 10/1 ARM deals have been listed at 4% and an APR of 4.134%.
And now, this particular bank’s stock price plummeted to 1.68 down -0.10.