Over at HSBC (NYSE:HSBC) we noticed some lower mortgage interest rates under the lender’s home loan program this Monday. Borrowers, who are looking to secure the 30-year fixed rate loan can expect to pay 4.530% in interest. With regards to 15-year home loan options, it can be locked in at 3.625%. HSBC’s non-conventional loan offerings include the 30-year fixed VA and 30-year fixed FHA loans. Both of the aforementioned loans start at 4.125%, the lender’s rate information showed. Those preferring to finance a home purchase with a loan that has flexible interest rate over its term, may want to consider the 7/1 adjustable rate mortgage (ARM), which is quoted at 3.710%. As far as the 5/1 ARM is concerned, it hovers at 3.460%. Detailed information on today’s mortgage interest rates and annual percentage rates (APRs) can be found below.
HSBC Bank offers excellent interest rates under both its home purchase and refinance programs, so those who are looking to invest either in a new / used home or to refinance an existing loan, may find some ideal mortgage deals at this lender.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.530%, 4.608% APR
15-Year Fixed-Rate Mortgage: 3.625%, 3.756% APR
30-Year Fixed FHA Mortgage: 4.125%, 4.393% APR
30-Year Fixed VA Mortgage: 4.125%, 4.388% APR
5/1 Adjustable Rate Mortgage (ARM): 3.460%, 3.150% APR
7/1 Adjustable Rate Mortgage (ARM): 3.710%, 3.335% 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.
Bankrate’s (NYSE:RATE) mortgage survey from last week showed that the interest rate on 30-year fixed loans ticked down to 4.57% from the previous 4.64% that they carried a week earlier. The interest rate on the 15-year FRM declined as well, according to Bankrate’s survey. The aforementioned loan now hovers at 3.62%. The more flexible 5/1 ARM averaged 3.40% in the said period, a downtick over the previous 3.46% that it held a week earlier, the survey revealed.
A report from McLean, Virginia-based Freddie Mac from last week showed that the average interest rate on the 30-year fixed loan tumbled to 4.41% this week. Regarding the 15-year FRM, the average rate improved to 3.45%, the mortgage-buyer reported.
More information on HSBC Bank’s latest mortgage interest rates, loan assumptions and borrowing terms and conditions, can be found on the lender’s website.