American financial institution, Quicken Loans updated its mortgage information for Monday, November 3, which is discussed below. Quicken Loans offers 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 mortgage, may find some suitable mortgages at this lender.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 4.05%, 4.291% APR
15-Year Fixed-Rate Mortgage: 3.25%, 3.669% APR
15-Year Fixed FHA Mortgage: 2.99%, 3.985% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.278% 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 were made based on discount points, origination fees, average loan fees and closing costs.
A weekly mortgage survey from Bankrate (NYSE:RATE) showed, that the interest rate on the 30-year fixed loan rose to 4.10% from the previous 4.05% that it carried a week earlier. Now, the 15-year FRM had an uptick as well, as the interest rate now stands at 3.27%, according to the company’s latest mortgage survey. As for the 5/1 ARM, the interest rate ticked up to 3.17%, Bankrate’s data revealed.
Moving on to Freddie Mac’s national weekly survey, the average rate on the 30-year fixed mortgage climbed to 3.98% last week, according to the organization’s latest data. The average rate on the 15-year mortgage loan advanced as well, as it’s now hovering at 3.13%, the mortgage-finance company reported.
For additional details on the latest home purchase and refinance mortgage interest rates at Quicken Loans, as well as information on borrowing terms and conditions and loan assumptions, please see the financial institution’s website.