The benchmark 30 year fixed rate loan interest rates at Berkshire Bank (NASDAQ:BERK) are being offered for 3.750% today yielding an APR of 3.778%. 30 year FHA fixed rate loan interest rates start at 4.375% at the bank with a rather higher APR of 5.002%. The shorter term, popular 15 year loan interest rates are 3.000% at the bank with an APR of 3.050% today.
The best 20 year FRMs are being offered for 3.625% carrying an APR of 3.664% today.
3/1 Adjustable Rate Mortgages can be had for 2.875% currently with an APR of 3ARMPA@ to start. The 5/1 ARM deals have been listed at 3.125% at Berkshire yielding an APR of 5ARMPA@.