The benchmark 30 year loan interest rates are published at 3.750% at Berkshire Bank (NASDAQ:BERK) yielding an APR of 3.778% today. The best 30 year FHA FRMs at the bank are listed at 4.375% yielding a bit higher APR than the conventional loan of 5.002%. The shorter term 15 year fixed rate mortgages are being quoted at 3.000% at the bank and APR of 3.050%.
The best 20 year loan interest rates have been published at 3.625% and APR of 3.664%.
3 year Adjustable Rate Mortgages are available starting at 2.875% today with an APR of 3ARMPA@. The 5 year ARMs start at 3.125% at Berkshire Bank and APR of 5ARMPA@.