30 year loan deals are available starting at 3.750% at Berkshire Bank (NASDAQ:BERK) yielding an APR of 3.778%. The lower FHA 30 year interest rates start at 4.375% with a bit higher APR of 5.002%. Popular 15 year fixed rate mortgages are on the books at 3.000% carrying an APR of 3.050% today.
The best 20 year FRMs at the bank can be had for 3.625% with an APR of 3.664% today.
3/1 Adjustable Rate Mortgages are being offered for 2.875% today and the APR is 3ARMPA@. In the ARM arena, 5 year interest rates at Berkshire start at 3.125% carrying an APR of 5ARMPA@.