The benchmark 30 year loans have been offered at 3.750% at Berkshire Bank (NASDAQ:BERK) with an APR of 3.778%. 30 year FHA loan interest rates have been offered at 4.375% carrying an APR of 5.002%. The shorter term, popular 15 year loans at the bank are being quoted at 3.000% with an APR of 3.050%.
The best 20 year fixed rate mortgages are available starting at 3.625% and an APR of 3.664%.
The 3/1 ARM loans stand at 2.875% currently and APR of 3ARMPA@. In the ARM arena, 5 year deals stand at 3.125% at Berkshire Bank yielding an APR of 5ARMPA@ at the beginning of the loan.