Quicken Loans, which is headquartered in Detroit, MI, updated its home purchase and refinance loan information for Friday, December 5, which is discussed below. Quicken Loans 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 mortgages at this financial institution.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.99%, 4.219% APR
15-Year Fixed-Rate Mortgage: 3.25%, 3.65% APR
15-Year Fixed FHA Mortgage: 2.99%, 3.985% APR
7/1 Adjustable Rate Mortgage (ARM): 3.25%, 3.297% 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 improved to 4.07% from the previous 4.08% that it carried a week earlier. Now, the 15-year FRM hasn’t experienced any improvements this week, the interest rate still stands at 3.29%, according to the company’s latest mortgage survey. As for the 5/1 ARM, the interest rate ticked up to 3.20%, Bankrate’s weekly survey showed.
Moving to Freddie Mac’s national weekly survey, the average rate on the 30-year fixed mortgage sank to 3.89% this week, according to the organization’s latest data. The average rate on the 15-year mortgage loan dipped to 3.10%, the mortgage-finance company announced.
For more 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 look at the financial institution’s website.