Quicken Loans, which is an established loan provider in the country, updated its mortgage information for January 5, 2015. For the latest details on the Detroit, MI-headquartered lender’s mortgage interest rates and APRs, please check the data below. This financial institution advertises attractive mortgage rates under its 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 loans at this lender.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.75%, 3.976% APR
15-Year Fixed-Rate Mortgage: 2.99%, 3.425% APR
15-Year Fixed FHA Mortgage: 2.75%, 3.778% APR
7/1 Adjustable Rate Mortgage (ARM): 3.25%, 3.276% 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 were made based on discount points, origination fees, average loan fees and closing costs.
Government-sponsored housing firm, Freddie Mac announced on Wednesday, that the interest rate on the 30-year fixed mortgage ticked up to 3.87% from the former 3.83%. Meanwhile, the interest rate on the shorter-term 15-year fixed mortgage escalated to 3.15% last week. Previously this type of mortgage loan was hovering at a rate of 3.10%, according to the organization.
For further details on the latest home purchase and refinance mortgage interest rates at Quicken Loans, as well as information on borrowing terms and conditions and loan assumptions, please take a visit to the lender’s website.