Standard 30 year FRMs have been offered at 3.750% at Berkshire Bank (NASDAQ:BERK) and an APR of 3.778% today. The lower FHA 30 year loans have been listed at 4.375% at the bank and APR of 5.002%. The shorter term 15 year loan interest rates are available starting at 3.000% yielding an APR of 3.050% today.
20 year loans stand at 3.625% and APR of 3.664% today.
The 3 year Adjustable Rate Mortgages are coming out at 2.875% currently and an APR of 3ARMPA@. As far as ARMs go, 5 year loans are coming out at 3.125% at Berkshire Bank showing an APR of 5ARMPA@.