The benchmark 30 year loan interest rates are 3.750% at Berkshire Bank (NASDAQ:BERK) with an APR of 3.778%. The lower FHA 30 year mortgage loans are coming out at 4.375% with an APR of 5.002%. The short term, popular 15 year FRMs are 3.000% at the bank and APR of 3.050%.
The best 20 year fixed rate mortgages at the bank are 3.625% today and an APR of 3.664%.
The 3/1 ARM loans are being quoted at 2.875% today yielding an APR of 3ARMPA@ to start. The 5 year ARM loans at Berkshire Bank have been published at 3.125% with an APR of 5ARMPA@.