The best 30 year fixed rate loans at Berkshire Bank (NASDAQ:BERK) start at 3.750% yielding an APR of 3.778%. The FHA version of the 30 year loans start at 4.375% yielding a bit higher APR than the conventional loan of 5.002%. The shorter term, popular 15 year loans at the bank stand at 3.000% today with an APR of 3.050%.
20 year loan deals at the bank have been published at 3.625% and APR of 3.664%.
The 3/1 ARM interest rates are on the books at 2.875% showing an APR of 3ARMPA@. ARMs in the 5 year category can be had for 3.125% at Berkshire with a starting APR of 5ARMPA@.
