New York-based financial institution, HSBC Bank (NYSE:HSBC) revised its mortgage loan information for Tuesday, November 25. Details on HSBC Bank’s current mortgage interest rates and APRs can be found below. HSBC Bank advertises 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 loan, may find some ideal mortgage solutions at this financial institution.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.060%, 4.140% APR
15-Year Fixed-Rate Mortgage: 3.340%, 3.477% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.037% APR
30-Year Fixed VA Mortgage: 3.875%, 4.032% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 3.035% APR
7/1 Adjustable Rate Mortgage (ARM): 3.310%, 3.150% 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 published last Thursday showed, that the interest rate on 30-year mortgage loans dipped to 4.10% from the former 4.13%. The survey also revealed, that the interest rate on the 15-year FRM sank to 3.30% last week. On the other hand, the more flexible 5/1 ARM now comes with an average rate of 3.21%, a slight decrease compared to figures from the prior week, according to company’s data.
McLean, Virginia-based housing-finance company Freddie Mac reported last week that the average rate on the 30-year fixed mortgage came in at 3.99%, a slightly lower interest rate compared to data from a week earlier. According to the company’s weekly survey, the 15-year FRM slipped to 3.17%, an improvement of 3 basis points.
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 check the bank’s website.