The benchmark 30 year fixed rate mortgage interest rates start at 3.750% at Berkshire Bank (NASDAQ:BERK) carrying an APR of 3.778%. 30 year FHA FRM interest rates are being quoted at 4.375% yielding a bit higher APR than the conventional loan of 5.002%. The short term, popular 15 year loans have been quoted at 3.000% yielding an APR of 3.050% today.
The best 20 year FRM interest rates at the bank are being quoted at 3.625% yielding an APR of 3.664%.
The 3/1 ARM loans can be had for 2.875% with an APR of 3ARMPA@. 5 year ARM interest rates at Berkshire Bank are published at 3.125% carrying an APR of 5ARMPA@ to start.