Quicken Loans, which is headquartered in Detroit, MI, updated its home purchase and refinance loan information for Thursday, June 11, which is listed below. Quicken Loans offers excellent interest 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 loan options at this financial institution.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 4.05%, 4.313% APR
15-Year Fixed-Rate Mortgage: 3.25%, 3.688% APR
15-Year Fixed FHA Mortgage: 3.125%, 4.16% APR
7/1 Adjustable Rate Mortgage (ARM): 3.25%, 3.344% 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, announced this week, that the interest rate on the 30-year fixed loan sprang up to 4.04% from the former 3.87%. In addition, the interest rate on the shorter-term 15-year fixed loan climbed to 3.25% this week. A week earlier this type of mortgage loan averaged a rate of 3.08%, according to the firm.
Bankrate also disclosed its weekly mortgage survey, which revealed that the interest rate on the 30-year mortgage edged up to 4.15% this week. The interest rate on the shorter-term, 15-year mortgage rose at 3.39%, according to the the latest data. The current rate on the 5/1 ARM ticked up in the company’s latest survey, this type of loan is now hovering at 3.24%.
For additional 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.