10 year loan deals at the bank are being offered for 3.250% and an APR of 3.604%. The best 20 year FRM interest rates can be had for 4.250% today yielding an APR of 4.508%.
3/1 ARM interest rates are being offered for 2.625% today and APR of 2.925%. The 5 year Adjustable Rate Mortgages at Harris Bank start at 2.875% yielding an APR of 2.999% to start. The 7 year ARM interest rates have been listed at 3.375% currently with an APR of 3.253% to start. The 10/1 Adjustable Rate Mortgage interest rates are listed at 3.875% currently with a starting APR of 3.669%.
Stock and Mortgage Update
All the mortgage interest rates are pressured by MBS’s that go up and down with the markets. The stock market lost ground by the end of trading today with the DJIA at 15,337.70.
Mortgage rates at Harris Bank tracked with the days DJIA results. Now the banks stock price moved ahead to 62.60 up +0.45.