Major U.S. lender, Quicken Loans disclosed the updated mortgage information for its conventional and non-conventional loans on Tuesday, November 25. Details on 30-year and 15-year home mortgage loans, discount points and annual percentage rates (APRs) are listed below. This financial institution advertises excellent mortgage 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 loans at this lender.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.99%, 4.209% APR
15-Year Fixed-Rate Mortgage: 3.125%, 3.524% APR
15-Year Fixed FHA Mortgage: 2.875%, 3.906% APR
7/1 Adjustable Rate Mortgage (ARM): 3.25%, 3.287% 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) revealed, that the interest rate on the 30-year fixed loan header lower to 4.10% from the previous 4.13% that it carried a week earlier. Now, the 15-year FRM had a downtick as well, as the interest rate now stands at 3.30%, according to the company’s latest mortgage survey. As for the 5/1 ARM, the interest rate improved to 3.21%, Bankrate’s data showed.
Switching to Freddie Mac’s national weekly survey, the average rate on the 30-year fixed mortgage decreased 3.99% last week, according to the organization’s latest data. The average rate on the 15-year mortgage loan improved as well, as it’s now hovers at 3.17%, the mortgage-finance company announced.
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 take a visit to the lender’s website.