U.S. financial institution, HSBC Bank (NYSE:HSBC), revised its mortgage rate sheet for Thursday, August 28. Details on the bank’s latest conventional and non-conventional home loan rates and annual percentage rates (APRs) can be be found below.
This lender 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 mortgage, may find some ideal loan packages at this lender.
HSBC Bank Home Purchase Rates
30-Year Fixed-Rate Mortgage: 4.125%, 4.197% APR
15-Year Fixed-Rate Mortgage: 3.340%, 3.464% APR
30-Year Fixed FHA Mortgage: 3.875%, 4.060% APR
30-Year Fixed VA Mortgage: 4.000%, 4.150% APR
5/1 Adjustable Rate Mortgage (ARM): 3.190%, 2.969% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.106% 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 last week showed that the interest rate on 30-year mortgage loans edged down to 4.27%. The company’s survey also revealed, that the 15-year FRM tumbled by 1 basis point to 3.39% last week. The more flexible 5/1 ARM improved as well, it’s now coming out at 3.32%, according to Bankrate’s mortgage survey.
A report from McLean, Virginia-based Freddie Mac published last week showed that the average interest rate on the 30-year fixed mortgage declined to 4.12%. Regarding the 15-year FRM, the average rate ticked down to 3.24%, the government-backed mortgage-finance company said.
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 see the lender’s website.