HSBC Bank (NYSE:HSBC), which is headquartered in New York, NY, updated its home purchase loan information for Friday, December 12, which is listed below. This financial institution offers 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 loan, may find some ideal mortgage solutions at this lender.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.000%, 4.067% APR
15-Year Fixed-Rate Mortgage: 3.375%, 3.493% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.0249% APR
30-Year Fixed VA Mortgage: 3.875%, 4.019% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 3.026% APR
7/1 Adjustable Rate Mortgage (ARM): 3.250%, 3.112% 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.
Regarding average mortgage interest rates, Bankrate’s (NYSE:RATE) mortgage survey released this Thursday showed, that the interest rate on 30-year mortgage loans dropped to 4.03% from the former 4.07%. The survey also revealed, that the interest rate on the 15-year FRM sank to 3.28% this week. On the other hand, the more flexible 5/1 ARM now has an average rate of 3.26%, an uptick compared to figures from the prior week, according to the firm’s data.
McLean, Virginia-based housing-finance company Freddie Mac said this week that the average rate on the 30-year fixed mortgage rose to 3.93%, a higher interest rate compared to data from a week earlier. According to the company’s weekly survey, the 15-year FRM also ticked up and now it stands at 3.2%.
For further 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 see the bank’s website.