Those waiting for lower mortgage rates to refinance their homes will have to wait some more as positive economic news has kept rates up and flat for the past few weeks.
Standard 30 year FRM interest rates at HSBC Bank (NYSE:HBC) are being quoted at 4.000% and an APR of 4.134%. The typically lower FHA 30 year loans can be had for 3.500% yielding an APR of 3.664%. 30 year VA fixed rate mortgages start at 3.500% carrying an APR of 3.664%.
The shorter term, popular 15 year FRM interest rates at the bank stand at 3.125% today yielding an APR of 3.348%.
The 3 year ARM loans start at 3.250% yielding an APR of 3.275% to start. The 5 year ARM loans at HSBC are on the books at 3.125% with a starting APR of 3.247%.
The best 30 year refinance FRMs have been listed at 4.250% at HSBC carrying an APR of 4.388% today. 30 year refinance FHA fixed rate mortgage interest rates are published at 3.625% at the bank and an APR of 3.791% today. 30 year VA refinance FRM interest rates are coming out at 3.625% and an APR of 3.791%. The short term 15 year refinance loan interest rates are being quoted at 3.375% with an APR of 3.602%.