30 year fixed rate loans are being quoted at 3.750% at Berkshire Bank (NASDAQ:BERK) today yielding an APR of 3.778%. The lower FHA 30 year loan interest rates are coming out at 4.375% and APR of 5.002%. The shorter term 15 year fixed rate mortgages have been quoted at 3.000% carrying an APR of 3.050%.
The best 20 year loans have been published at 3.625% with an APR of 3.664% today.
The 3 year ARMs are 2.875% today carrying an APR of 3ARMPA@. 5/1 ARM loans at Berkshire Bank are available starting at 3.125% yielding an APR of 5ARMPA@.