American home loan provider, HSBC Bank (NYSE:HSBC) updated its mortgage information for February 26, 2015, which is discussed below. This financial institution offers attractive 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 loan, may find some suitable mortgage products at this bank.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 3.900%, 3.980% APR
15-Year Fixed-Rate Mortgage: 3.300%, 3.438% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.059% APR
30-Year Fixed VA Mortgage: 3.875%, 4.033% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 3.036% APR
7/1 Adjustable Rate Mortgage (ARM): 3.330%, 3.160% 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.
Mortgage-buyer, Freddie Mac announced this Thursday, that the interest rate on the 30-year fixed loan ticked up to 3.8% from the former 3.76%. On the other hand, the interest rate on the shorter-term 15-year fixed mortgage edged up to 3.07% this week. Previously this type of mortgage loan averaged a rate of 3.05%, according to the housing giant.
Consumer financial services company, Bankrate also released its weekly mortgage survey, which showed that the interest rate on the 30-year conventional loan slipped to 3.9% this week. The interest rate on the shorter-term, 15-year mortgage dropped by 6 basis point to 3.15%, according to the survey. The current rate on the 5/1 adjustable rate mortgage improved in the company’s survey, this type of mortgage is now standing at 3.22%.
For more 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 visit the financial institution’s website.