U.S. lender, Quicken Loans, revised its mortgage rate sheet for Tuesdy, October 7. Details on the lender’s latest conventional and non-conventional mortgage interest rates and annual percentage rates (APRs) can be be found below.
Quicken Loans offers excellent 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 mortgage, may find some ideal loan packages at this financial institution.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 4.125%, 4.356% APR
15-Year Fixed-Rate Mortgage: 3.25%, 3.707% APR
15-Year Fixed FHA Mortgage: 2.99%, 4.004% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.305% 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.
Bankrate’s (NYSE:RATE) mortgage survey disclosed last week revealed that the interest rate on the 30-year fixed loan inched down to 4.27%. With regards to the 15-year FRM, the interest rate came in at 3.44% last week, according to the company’s latest mortgage survey. The 5/1 ARM fell to 3.29% last week, Bankrate’s survey showed.
Shifting to Freddie Mac’s national weekly survey, the average rate on the 30-year fixed mortgage eased to 4.19% last week, according to the organization’s data. The average rate on the 15-year mortgage loan stayed frozen at 3.36%, the housing giant said.
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 visit to the financial institution’s website.