Standard 30 year fixed rate mortgages stand at 3.750% at Berkshire Bank (NASDAQ:BERK) and an APR of 3.778%. 30 year FHA loans have been offered at 4.375% at the bank and an APR of 5.002%. The short term 15 year FRMs have been offered at 3.000% at the bank and APR of 3.050%.
The best 20 year loan deals are published at 3.625% yielding an APR of 3.664%.
The 3 year ARM deals are 2.875% currently with an APR of 3ARMPA@. The 5/1 ARM loans are on the books at 3.125% at Berkshire and the APR is 5ARMPA@ on initial purchase.