Standard 30 year fixed rate mortgages are listed at 3.750% at Berkshire Bank (NASDAQ:BERK) today carrying an APR of 3.778%. 30 year FHA loans are on the books at 4.375% with a rather higher APR of 5.002%. Popular 15 year fixed rate loan interest rates have been quoted at 3.000% today and an APR of 3.050%.
20 year loan interest rates at the bank are being offered for 3.625% with an APR of 3.664% today.
3 year ARM interest rates can be had for 2.875% currently and the APR is 3ARMPA@. ARM loans in the 5 year category at Berkshire Bank stand at 3.125% and an APR of 5ARMPA@. ARMs and their APRs change as interest rates move up and down.