Standard 30 year loans are published at 4.4% at HSBC Bank (NYSE:HBC) today yielding an APR of 4.49%. Shorter term, popular 15 year fixed rate mortgages have been published at 3.67% carrying an APR of 3.82% today.
The 5/1 ARM deals at HSBC are on the books at 3.81% and an APR of 4.017%. ARM interest rates in the 7 year category have been offered at 3.83% currently with a starting APR of 4.005%. ARM loans in the 10 year category are listed at 4.125% today with an APR of 4.165%.
Also in the market, the stock price of HSBC increased dramatically to 1.35 up +0.04.
The benchmark 30 year fixed rate mortgage interest rates at Chase Bank (NYSE:JPM) are listed at 3.750% today with an APR of 3.915%. The short term 15 year fixed rate mortgage interest rates are on the books at 3.125% and APR of 3.472%.
ARMs in the 5 year category stand at 3.250% at Chase showing an APR of 3.605%. ARM loans in the 7 year category start at 3.500% today and an APR of 3.684%.
How about refinance mortgage rates?
Standard 30 year refinance loan interest rates are 3.750% at Chase carrying an APR of 3.853%. The shorter term 15 year refi fixed rate mortgage interest rates are being quoted at 3.000% at the bank today and an APR of 3.145%. In the ARM arena, 5 year refinance loans start at 3.250% at Chase. and an APR of 3.493%. ARM loans in the 7 year refi category are being quoted at 3.500% and APR of 3.581%.
Independent of mortgage rates, Chase’s own stock ticker strengthened to 86.89 up +0.14.