Mortgage interest rates on conventional and non-conventional home purchase and refinance loans were updated by top U.S. lender, Quicken Loans, for Saturday, December 27. For information on the financial institution’s most up-to-date mortgage interest rates, discount points and APRs, please check the data below. This financial institution offers excellent interest rates under its loan program, so those who are looking to invest either in a new / used home or to refinance an existing loan, may find some suitable loan products at this lender.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.875%, 4.135% APR
15-Year Fixed-Rate Mortgage: 3.125%, 3.561% APR
15-Year Fixed FHA Mortgage: 2.875%, 3.887% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.336% 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.
Freddie Mac, which is based in McLean, VA, reported this week, that the average rate on the 30-year fixed mortgage edged up to 3.83% from the former 3.80%. On the other hand, the average rate on the shorter-term 15-year fixed mortgage climbed to 3.10% this week. Previously this type of mortgage loan averaged a rate of 3.09%, according to the organization.
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 take a look at the lender’s website.