U.S. lender, Quicken Loans, revised its mortgage rate sheet for Friday, November 7. Updated information on the lender’s latest conventional and non-conventional mortgage interest rates and annual percentage rates (APRs) can be be found below. This lender offers attractive 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 ideal mortgage solutions at Quicken Loans.
Quicken Loans Refinance Rates
30-Year Fixed-Rate Mortgage: 3.99%, 4.252% APR
15-Year Fixed-Rate Mortgage: 3.125%, 3.58% APR
15-Year Fixed FHA Mortgage: 2.99%, 4.004% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.267% 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) showed, that the interest rate on the 30-year fixed loan climbed to 4.14% from the previous 4.10% that it carried a week earlier. Now, the 15-year FRM had an uptick as well, as the interest rate now hovers at 3.34%, according to the company’s latest mortgage survey. As for the 5/1 ARM, the interest rate increased to 3.18%, Bankrate’s data showed.
Moving on to Freddie Mac’s national weekly survey, the average rate on the 30-year fixed mortgage advanced to 4.02% this week, according to the organization’s latest data. The average rate on the 15-year mortgage loan rose as well, as it’s now coming out at 3.21%, the mortgage-finance company said.
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 head over to the lender’s website.