HSBC Bank (NYSE:HSBC), which is an established lender in the U.S., updated its mortgage information for Tuesday, November 4. For details on the New York, NY-headquartered lender’s current mortgage interest rates and APRs, please check the data below. The lender offers excellent mortgage rates under its mortgage loan program, so those who are looking to invest either in a new / used home or to refinance an existing loan, may find some ideal mortgage solutions at this financial institution.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.125%, 4.184% APR
15-Year Fixed-Rate Mortgage: 3.400%, 3.506% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.027% APR
30-Year Fixed VA Mortgage: 3.875%, 4.023% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 2.938% APR
7/1 Adjustable Rate Mortgage (ARM): 3.330%, 3.076% APR
Please, bear in mind, that the present mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.
Switching to average mortgage interest rates, Bankrate’s (NYSE:RATE) mortgage survey released last week showed, that the interest rate on 30-year mortgage loans moved higher to 4.10% from the former 4.05%. The survey also revealed, that the interest rate on the 15-year FRM climbed to 3.27% last week. On the other hand, the more flexible 5/1 ARM now carries an average rate of 3.17%, a higher interest rate compared to data from the prior week, according to Bankrate’s data.
McLean, Virginia-based housing-finance company Freddie Mac reported last Thursday that the average interest rate on the 30-year fixed mortgage advanced to 3.98% last week, a slightly higher interest rate compared to data from a week earlier. According to the company’s weekly survey, the 15-year FRM averaged a rate of 3.13%, an uptick of 5 basis points.
For more details on the latest home purchase and refinance mortgage interest rates at HSBC Bank, as well as information on borrowing terms and conditions and loan assumptions, please take a visit to the bank’s website.