The benchmark 30 year fixed rate mortgage interest rates have been offered at 3.625% at Commerce Bank today and an APR of 3.697%. The shorter term 15 year loan interest rates at the bank have been listed at 2.875% today with an APR of 3.002%.
10 year FRM interest rates are 2.500% today carrying an APR of 2.684%. The best 20 year fixed rate loans are being offered for 3.250% carrying an APR of 3.349% today.
The 5 year ARMs at Commerce are on the books at 2.625% with a starting APR of 2.858%. ARM interest rates in the 7 year category are 2.875% today and an APR of 2.944%.