The benchmark 30 year loans are being quoted at 4.000% at Commerce Bank with an APR of 4.103%. Shorter term 15 year loan interest rates at the bank are 3.250% and an APR of 3.392%.
10 year fixed rate loan interest rates at the bank have been offered at 3.250% carrying an APR of 3.456% today. The best 20 year loan deals at the bank have been offered at 3.750% with an APR of 3.891%.
In the ARM arena, 5 year deals are being quoted at 3.125% at Commerce with a starting APR of 3.788%. The 7 year ARM loans are on the books at 3.375% today with a starting APR of 3.806%.
Drilling down a bit, this particular bank’s stock price weakened to 58.39 down -0.48%.