The benchmark 30 year FRM interest rates stand at 3.750% at Berkshire Bank (NASDAQ:BERK) today with an APR of 3.778%. The FHA options for the 30 year mortgages are 4.375% at the bank carrying an APR of 5.002%. Shorter term, popular 15 year FRMs have been quoted at 3.000% today and an APR of 3.050%.
20 year FRM interest rates at the bank are available starting at 3.625% carrying an APR of 3.664% today.
ARM interest rates in the 3 year category stand at 2.875% yielding an APR of 3ARMPA@. 5/1 ARM loans at Berkshire Bank are coming out at 3.125% yielding an APR of 5ARMPA@ at present.