The benchmark 30 year fixed rate mortgages at HSBC Bank (NYSE:HBC) start at 3.94% and APR of 4.026% today. Popular 15 year fixed rate mortgages have been offered at 3.4% at the bank yielding an APR of 3.547%.
5 year ARM interest rates are being offered for 3.44% at HSBC and APR of 3.884%. 7 year ARMs stand at 3.5% yielding an APR of 3.848%. ARM loans in the 10 year category are coming out at 3.75% today and APR of 3.93%.
Drilling down a bit, the banks stock price fell sharply to 1.38 down -0.06.