30 year FRMs at HSBC Bank (NYSE:HBC) have been quoted at 4.09% yielding an APR of 4.177%. The shorter term, popular 15 year loan deals at the bank are 3.625% and an APR of 3.775% today.
5 year ARM interest rates at HSBC are published at 4% yielding an APR of 4.166% at the beginning of the loan. 7/1 ARMs are 3.96% yielding an APR of 4.133% to start. The 10/1 ARM interest rates can be had for 4% currently and the APR is 4.134%.
Specifically, the stock price of HSBC dropped sharply to 1.68 down -0.10.