Michigan-based lender, Quicken Loans revised its home purchase and refinance loan loan information for Tuesday, November 18. The latest details on Quicken Loan’s latest mortgage interest rates and APRs can be found below. This lender provides 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 loan, may find some ideal loans at this financial institution.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.99%, 4.23% APR
15-Year Fixed-Rate Mortgage: 3.125%, 3.543% APR
15-Year Fixed FHA Mortgage: 2.875%, 3.906% APR
7/1 Adjustable Rate Mortgage (ARM): 3.25%, 3.287% 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.
A weekly mortgage survey from Bankrate (NYSE:RATE) showed, that the interest rate on the 30-year fixed loan eased to 4.13% from the previous 4.14% that it carried a week earlier. Now, the 15-year FRM had a downtick as well, as the interest rate now hovers at 3.32%, according to the company’s latest mortgage survey. As for the 5/1 ARM, the interest rate rose to 3.22%, Bankrate’s data revealed.
Switching to Freddie Mac’s national weekly survey, the average rate on the 30-year fixed mortgage slipped to 4.01% last week, according to the organization’s latest data. The average rate on the 15-year mortgage loan improved as well, as it’s now coming out at 3.20%, the mortgage-finance company reported.
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 check the financial institution’s website.