HSBC Bank (NYSE:HSBC), which is an established lender in the country, updated its mortgage information for Friday, March 13. For information on the New York-headquartered bank’s current mortgage interest rates and annual percentage rates (APRs), please check the data below. This financial institution advertises 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 loan, may find some suitable loan solutions at this lender.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 3.900%, 3.968% APR
15-Year Fixed-Rate Mortgage: 3.250%, 3.370% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.037% APR
30-Year Fixed VA Mortgage: 3.875%, 4.021% APR
5/1 Adjustable Rate Mortgage (ARM): 3.190%, 3.132% APR
7/1 Adjustable Rate Mortgage (ARM): 3.330%, 3.219% 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 (APR) were made based on discount points, origination fees, average loan fees and closing costs.
Virginia-based housing finance company, Freddie Mac reported this week, that the average rate on the 30-year fixed mortgage sank to 3.86% from the previous 3.75%. In addition, the average rate on the shorter-term 15-year fixed loan decreased to 3.10% this week. A week earlier this type of mortgage loan averaged a rate of 3.03%, according to the organization.
Bankrate also published its weekly mortgage survey, which showed that the interest rate on the 30-year conventional loan increased to 3.97% this week. The interest rate on the shorter-term, 15-year mortgage grew by 2 basis point to 3.18%, according to the the latest data. The current rate on the 5/1 ARM moved lower in Bankrate’s survey, this type of loan is now coming out at 3.23%.
For more details on the latest home purchase and refinance mortgage interest rates at HSBC Bank, as well as information on borrowing terms and conditions and loan assumptions, please take a visit to the bank’s website.