The benchmark 30 year loans at Commerce Bank have been listed at 4.000% carrying an APR of 4.103% today. The short term 15 year fixed rate loans are on the books at 3.500% at the bank yielding an APR of 3.643%.
10 year loans have been offered at 3.375% at the bank with an APR of 3.581%. The best 20 year loan deals are coming out at 3.875% and APR of 4.017% today.
5 year ARMs at Commerce are available starting at 3.125% and an APR of 4.027%. ARMs and their APRs change as interest rates move up and down. 7 year Adjustable Rate Mortgages are being offered for 3.375% today yielding an APR of 4.003% to start.
Related to the market discussion, Commerce’s own stock moved higher to 56.77 up +0.30.
The benchmark 30 year loan interest rates at HSBC Bank (NYSE:HBC) are published at 4.09% and an APR of 4.177% today. Shorter term, popular 15 year fixed rate mortgage interest rates are on the books at 3.625% with an APR of 3.775%.
5 year ARM loans are on the books at 4% at HSBC and the APR is 4.166%. 7/1 ARM loans have been listed at 3.96% currently with an APR of 4.133% to start. The 10 year Adjustable Rate Mortgages have been listed at 4% today with a starting APR of 4.134%.
And now, HSBC’s own stock price nose dived to 1.68 down -0.10.