The interest rates on standard 30-year fixed rate mortgage loans at the Freddie Mac Bank has been published today and is on the books at 4.375% which makes the corresponding APR to be 4.574% .The interest rates on this category of loans have been recorded to be the same since last two days.
On the other hand, the individuals who are interested in shorter term deals can go for much popular 15-year fixed rate mortgage loans which are being made available by the bank at an interest rate of 3.375% and it yields an annual percentage rate of 3.673%. The interest rates since last two days were coming out at 3.375%. Therefore, it’s clear that the interest rates have not changed; there is neither any increase nor a decrease.
In the category of refinancing loan potions, the interest rates on 30-year refinance fixed rate mortgage loans have been advertised by the Freddie Mac and quoted at 4.625% making the corresponding APR to be 4.770%. Adding more on the information, the fixed rate mortgage loans in the 15-year category can be had at the bank today at an interest rate of 3.500% which capitulates a corresponding APR of 3.812%. The interest rates on 30-year refinance FRM loans and the 15-year refinance FRM loans since the last two days are being quoted at 4.625% and 3.500%. So, no change has been recorded in the interest rates in these two categories of loans discussed above in the past two days as on today.
Thus, on comparison of interest rates it has been found out that neither the interest rates nor the annual percentage rates on any category of loans mentioned above has changed. The rates have been recorded to be constant since the past two days.
Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.