Mortgage rates on conventional and non-conventional home purchase loans were updated by top U.S. lenders, HSBC Bank (NYSE:HSBC) and Capital One (NYSE:COF), for Friday, October 31. For information on the financial institutions’ most up-to-date mortgage interest rates, discount points and APRs, please check the data below.
HSBC Bank and Capital One advertise excellent mortgage rates under their mortgage loan programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some suitable loan solutions at these financial institutions.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.125%, 4.211% APR
15-Year Fixed-Rate Mortgage: 3.400%, 3.546% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.053% APR
30-Year Fixed VA Mortgage: 3.875%, 4.049% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 2.956% APR
7/1 Adjustable Rate Mortgage (ARM): 3.340%, 3.100% APR
Capital One Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.000%, 4.052% APR
15-Year Fixed-Rate Mortgage: 3.375%, 3.466% APR
5/1 Adjustable Rate Mortgage (ARM): 3.000%, 2.885% APR
7/1 Adjustable Rate Mortgage (ARM): 3.125%, 2.971% 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.
Switching to average mortgage interest rates, Bankrate’s (NYSE:RATE) mortgage survey released this week showed, that the interest rate on 30-year mortgage loans moved higher to 4.10% from the former 4.05%. The survey also revealed, that the interest rate on the 15-year FRM climbed to 3.27% this week. On the other hand, the more flexible 5/1 ARM now carries an average rate of 3.17%, a higher interest rate compared to data from the prior week, according to Bankrate’s data.
McLean, Virginia-based housing-finance company Freddie Mac reported on Thursday that the average interest rate on the 30-year fixed mortgage advanced to 3.98% this week, a slightly higher interest rate compared to data from a week earlier. According to the company’s weekly survey, the 15-year FRM averaged a rate of 3.13%, an uptick of 5 basis points since last week.
For more details on the latest home purchase and refinance mortgage interest rates at HSBC Bank and Capital One, as well as information on borrowing terms and conditions and loan assumptions, please see the lenders’ websites.