Current Mortgage Rates Today: HSBC Bank Home Loan Rates for October 17

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Current Mortgage Rates Today: HSBC Bank Home Loan Rates for October 17New York-based financial institution, HSBC Bank (NYSE:HSBC) revised its home purchase loan information for Friday, October 17. Details on HSBC Bank’s current mortgage interest rates and APRs are listed below.

HSBC Bank provides excellent mortgage rates under its mortgage loan program, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some ideal mortgage solutions at this lender.

HSBC Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.080%, 4.153% APR
15-Year Fixed-Rate Mortgage: 3.310%, 3.437% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.062% APR
30-Year Fixed VA Mortgage: 4.000%, 4.141% APR
5/1 Adjustable Rate Mortgage (ARM): 2.960%, 2.890% APR
7/1 Adjustable Rate Mortgage (ARM): 3.170%, 3.012% 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.

► Compare Today’s Mortgage Rates and Find The Best Loans

Now, looking at average mortgage rates, Bankrate’s (NYSE:RATE) mortgage survey released this week revealed that the interest rate on 30-year mortgage loans dropped to 4.01% from the previous 4.18%. The survey also revealed, that the interest rate on the 15-year FRM headed lower to 3.23% this week. On the other hand, the more flexible 5/1 ARM became more attractive as well, as the interest rate plummeted to 3.09%, a lower interest rate compared to data from the prior week, according to Bankrate’s weekly survey.

New data from McLean, Virginia-based housing-finance company Freddie Mac published on Thursday, showed that the average interest rate on the 30-year fixed mortgage improved to 3.97%, a significantly lower interest rate compared to data from a week earlier. Regarding the 15-year FRM, the average rate tumbled to 3.18%, the government-backed mortgage-finance company said.

For additional 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 take a look at the bank’s website.