HSBC Bank (NYSE:HSBC), which is an established loan provider in the country, updated its mortgage information for Thursday, September 25. For details on the New York-headquartered lender’s updated mortgage interest rates and annual percentage rates (APRs), please check the data below.
The bank offers excellent mortgage 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 ideal mortgage solutions at this lender.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.310%, 4.392% APR
15-Year Fixed-Rate Mortgage: 3.550%, 3.688% APR
30-Year Fixed FHA Mortgage: 4.125%, 4.290% APR
30-Year Fixed VA Mortgage: 4.125%, 4.307% APR
5/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.123% APR
7/1 Adjustable Rate Mortgage (ARM): 3.540%, 3.258% 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.
Bankrate’s (NYSE:RATE) mortgage survey released on Thursday showed that the interest rate on 30-year mortgage loans eased to 4.30% from the previous 4.33%. The survey also revealed, that the interest rate on the 15-year FRM remained intact at 3.46% this week. On the other hand, the more flexible 5/1 ARM came in at 3.32%, a lower interest rate compared to data from the prior week, according to Bankrate’s mortgage survey.
A report from McLean, Virginia-based Freddie Mac published this week showed that the average interest rate on the 30-year fixed mortgage sank to 4.2%, a 3 basis points decline compared to data from a week earlier. Regarding the 15-year FRM, the average rate tumbled to 3.36%, the government-backed mortgage-finance company reported.
For additional 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 see the bank’s website.