New York-based lender, HSBC Bank (NYSE:HSBC) revised its mortgage loan information for Wednesday, April 29. Updated details on HSBC Bank’s latest mortgage interest rates and APRs are listed below. This financial institution advertises attractive interest 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 suitable mortgages at this lender.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 3.910%, 3.993% APR
15-Year Fixed-Rate Mortgage: 3.210%, 3.351% APR
30-Year Fixed FHA Mortgage: 3.750%, 3.946% APR
30-Year Fixed VA Mortgage: 3.750%, 3.910% APR
5/1 Adjustable Rate Mortgage (ARM): 2.960%, 3.062% APR
7/1 Adjustable Rate Mortgage (ARM): 3.210%, 3.174% 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.
Freddie Mac, which is based in McLean, VA, announced last Thursday, that the average rate on the 30-year fixed loan improved to 3.65% from the former 3.67%. On the other hand, the average rate on the shorter-term 15-year fixed loan sank to 2.92% last week. A week earlier this type of mortgage loan was hovering at a rate of 2.94%, according to the organization.
Consumer financial services company, Bankrate also published its weekly mortgage survey, which revealed that the interest rate on the 30-year conventional loan stayed firm at 3.79% last week. The interest rate on the shorter-term, 15-year mortgage has been unchanged at 3.03%, according to the the latest data. The interest rate on the 5/1 adjustable rate mortgage drifted higher in the company’s survey, this type of loan is now hovering at 3.09%.
For further 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 check the bank’s website.