Berkshire remains a bit above other large banks in the mortgage rate competition going into this weekend.
The benchmark 30 year loan interest rates have been listed at 3.750% at Berkshire Bank (NASDAQ:BERK) today carrying an APR of 3.778%. The FHA 30 year loans are listed at 4.375% with a rather higher APR of 5.002%. Popular 15 year FRM interest rates are available starting at 3.000% at the bank yielding an APR of 3.050%.
20 year loan deals stand at 3.625% today with an APR of 3.664%.
The 3/1 ARMS have been quoted at 2.875% currently with an APR of 3ARMPA@. The 5 year ARMs are being quoted at 3.125% at Berkshire Bank with a starting APR of 5ARMPA@.