Standard 30 year loans are 4.410% at HSBC Bank (NYSE:HBC) carrying an APR of 4.474%. The FHA version of the 30 year loans are 4.125% at the bank and APR of 4.305%. 30 year VA loan interest rates can be had for 4.125% and APR of 4.311%.
The shorter term 15 year fixed rate mortgages at the bank are on the books at 3.460% and an APR of 3.573% today.
In the ARM arena, 5 year interest rates at HSBC are available starting at 3.210% with a starting APR of 2.971%. The 7 year ARMs are available starting at 3.460% currently yielding an APR of 3.141%. The 10/1 ARMS can be had for 3.810% currently yielding an APR of 3.464% to start.
All the mortgage rates published by banks are sensitive to mortgage related bond prices which are in concert with stock market movements. Stock markets went down by market close today putting the DJAI at 15,337.70.
For today HSBC tracked with the days closing results. More specifically, HSBC’s own stock price declined to 55.44 down -0.11%.