The benchmark 30 year fixed rate mortgage interest rates have been listed at 4.375% at Commerce Bank carrying an APR of 4.450% today. Shorter term 15 year fixed rate mortgages are 3.625% and an APR of 3.755% today.
10 year loan deals start at 3.250% and an APR of 3.436%. The best 20 year fixed rate mortgages at the bank have been published at 4.125% carrying an APR of 4.227%.
The 5/1 ARM interest rates at Commerce are on the books at 3.000% and an APR of 2.987%. ARMs and their APRs change as interest rates move up and down. 7 year Adjustable Rate Mortgages are being offered for 3.375% currently carrying an APR of 3.175%.