Mortgage interest rates on conventional and non-conventional home purchase and refinance loans were updated by major U.S. lender, Quicken Loans, for Thursday, March 19. For details on the financial institution’s most up-to-date mortgage interest rates, discount points and APRs, please check the data below. This lender advertises attractive interest rates under its 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 loan solutions at this lender.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.75%, 3.955% APR
15-Year Fixed-Rate Mortgage: 2.99%, 3.387% APR
15-Year Fixed FHA Mortgage: 2.875%, 3.906% APR
7/1 Adjustable Rate Mortgage (ARM): 3.125%, 3.296% 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.
Mortgage-buyer, Freddie Mac announced on Thursday, that the interest rate on the 30-year fixed loan moved lower to 3.78% from the former 3.86%. On the other hand, the interest rate on the shorter-term 15-year fixed mortgage decreased to 3.06% this week. Previously this type of mortgage loan was hovering at a rate of 3.10%, according to Freddie Mac.
A different company, Bankrate also disclosed its weekly mortgage survey, which showed that the interest rate on the 30-year conventional loan decreased to 3.91% this week. The interest rate on the shorter-term, 15-year mortgage edged down by 3 basis points to 3.15%, according to the the latest data. The current rate on the 5/1 ARM improved in Bankrate’s survey, this type of mortgage is now hovering at 3.20%.
For further 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 check the lender’s website.