The benchmark 30 year fixed rate loans have been published at 3.750% at Berkshire Bank (NASDAQ:BERK) and an APR of 3.778% today. The best 30 year FHA FRM interest rates can be had for 4.375% at the bank with a rather higher APR of 5.002%. The short term 15 year fixed rate mortgages have been published at 3.000% yielding an APR of 3.050%.
The best 20 year fixed rate mortgages have been quoted at 3.625% today and an APR of 3.664%.
3/1 ARM loans have been offered at 2.875% with an APR of 3ARMPA@. The 5/1 ARM interest rates are coming out at 3.125% at Berkshire Bank and an APR of 5ARMPA@. ARMs and their APRs change as interest rates move up and down.