The benchmark 30 year fixed rate loans are on the books at 3.750% at Berkshire Bank (NASDAQ:BERK) today with an APR of 3.778%. The best 30 year FHA loan interest rates stand at 4.375% at the bank carrying an APR of 5.002%. The short term 15 year FRMs have been offered at 3.000% yielding an APR of 3.050% today.
20 year FRM interest rates start at 3.625% today and an APR of 3.664%.
3 year ARM loans start at 2.875% carrying an APR of 3ARMPA@. The 5/1 Adjustable Rate Mortgages at Berkshire Bank are being offered for 3.125% yielding an APR of 5ARMPA@.