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HSBC Bank Mortgage Rates: Current FHA Home Loans and VA Mortgage Rates for October 2

10/02/2014

HSBC Bank (NYSE:HSBC), which is headquartered in New York, NY, updated its home purchase loan information for Thursday, October 2, which is discussed below.

The 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 loan, may find some ideal loans at this bank.

HSBC Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.210%, 4.269% APR

15-Year Fixed-Rate Mortgage: 3.480%, 3.586% APR

30-Year Fixed FHA Mortgage: 4.000%, 4.142% APR

30-Year Fixed VA Mortgage: 4.000%, 4.148% APR

5/1 Adjustable Rate Mortgage (ARM): 3.170%, 3.036% APR

7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.165% 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 this week showed that the interest rate on 30-year mortgage loans dipped to 4.27% from the previous 4.30%. The survey also revealed, that the interest rate on the 15-year FRM fell to 3.44% this week. On the other hand, the more flexible 5/1 ARM improved to 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 released this week showed that the average interest rate on the 30-year fixed mortgage headed lower to 4.19%, a 1 basis point decline compared to data from a week earlier. Regarding the 15-year FRM, the average rate hasn’t seen any changes this week, it stayed at 3.36%, 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 visit the bank’s website.

Category: Bank

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