Michigan-based financial institution, Quicken Loans updated its mortgage loan information for Tuesday, December 30. Details on Quicken Loan’s latest mortgage interest rates and APRs can be found below. Quicken Loans advertises excellent mortgage rates under its loan program, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some suitable loan products at this lender.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.875%, 4.092% APR
15-Year Fixed-Rate Mortgage: 3.125%, 3.524% APR
15-Year Fixed FHA Mortgage: 2.875%, 3.887% APR
7/1 Adjustable Rate Mortgage (ARM): 3.25%, 3.297% 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.
Freddie Mac, which is based in McLean, VA, reported last week, that the average rate on the 30-year fixed mortgage increased to 3.83% from the previous 3.80%. In addition, the average rate on the shorter-term 15-year fixed loan climbed to 3.10% last week. Previously this type of mortgage loan was hovering at a rate of 3.09%, according to Freddie Mac..
For more 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 look at the lender’s website.