The benchmark 30 year fixed rate mortgage interest rates have been published at 3.750% at Berkshire Bank (NASDAQ:BERK) today with an APR of 3.778%. 30 year FHA loan interest rates are 4.375% carrying an APR of 5.002%. The short term, popular 15 year loan interest rates at the bank start at 3.000% with an APR of 3.050% today.
20 year fixed rate mortgages have been quoted at 3.625% with an APR of 3.664%.
The 3 year ARMs have been offered at 2.875% currently with a starting APR of 3ARMPA@. The 5/1 Adjustable Rate Mortgages have been offered at 3.125% at Berkshire Bank and an APR of 5ARMPA@. ARMs and their APRs change as interest rates move up and down.