Standard 30 year fixed rate mortgages stand at 3.750% at Berkshire Bank (NASDAQ:BERK) and APR of 3.778% today. The FHA 30 year loans have been offered at 4.375% at the bank and an APR of 5.002%. The short term 15 year fixed rate mortgages are being quoted at 3.000% today yielding an APR of 3.050%.
The best 20 year FRMs can be had for 3.625% and an APR of 3.664%.
The 3 year Adjustable Rate Mortgages are being quoted at 2.875% currently with an APR of 3ARMPA@. 5 year ARM interest rates have been offered at 3.125% at Berkshire yielding an APR of 5ARMPA@ to start.