30 year fixed rate mortgage interest rates at Berkshire Bank (NASDAQ:BERK) are coming out at 3.750% today yielding an APR of 3.778%. The best 30 year FHA fixed rate mortgages are 4.375% yielding a bit higher APR than the conventional loan of 5.002%. Shorter term 15 year fixed rate loans have been quoted at 3.000% at the bank today with an APR of 3.050%.
20 year loan interest rates are being quoted at 3.625% and APR of 3.664% today.
The 3 year Adjustable Rate Mortgages have been offered at 2.875% with an APR of 3ARMPA@. The 5/1 ARM loans at Berkshire Bank start at 3.125% carrying an APR of 5ARMPA@ to start.