Standard 30 year fixed rate mortgages are being quoted at 3.750% at Berkshire Bank (NASDAQ:BERK) and APR of 3.778% today. The lower FHA 30 year mortgage loans start at 4.375% and APR of 5.002%. The short term 15 year loan deals have been published at 3.000% at the bank yielding an APR of 3.050%.
20 year fixed rate mortgages at the bank can be had for 3.625% and an APR of 3.664% today.
The 3 year ARM deals can be had for 2.875% currently with an APR of 3ARMPA@. The 5/1 ARM interest rates are listed at 3.125% at Berkshire Bank with an APR of 5ARMPA@.