Mortgage Loan Refinance Rates

Black Knight: Refi Pool Increases 50% in a Single Week Thanks to Lower Rates – There are two strong headlines in Black Knight’s new Mortgage Monitor. One is that the pool of homeowners for whom a refinance makes sense increased by 50 percent in a single week due to the sudden.

The 5/1 adjustable-rate refinance (ARM) rate is 3.86 percent with an APR of 6.90 percent. Bankrate Mortgage Refinance Rates

Current mortgage rates for August 13, 2019 are still near their historic lows. Compare 30-year, 15-year fixed rates, and ARMs to find the best home loan offer all in one place at LendingTree.

The central bank said five-year and longer tenors will be added to the existing one-year LPR, which will help banks set rates.

Adjustable-Rate Mortgage: The initial payment on a 30-year $210,366 5-year Adjustable-Rate Loan at 3.75% and 78.79% loan-to-value (LTV) is $974.24 with 2.25 points due at closing. The Annual Percentage Rate (APR) is 4.462%.

FHA rates are based on a loan amount of $200,000, credit score of 660 and an LTV of 96.5%. VA rates are based on a loan amount of $200,000, credit score of 720 and an LTV of 100%. Clients must meet product eligibility criteria for VA Loans.

Home Loan Equity Line Of Credit The following discounts are available on a new home equity line of credit: (1) an “auto pay” discount of 0.25% for setting up automatic payment (at or prior to HELOC account opening) and maintaining such automatic payments from an eligible Bank of America deposit account; and (2) an “initial draw” discount of 0.10% for every $10,000 initially withdrawn at account opening (up to 1.50%.

On August 16, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.67 percent with an APR of 3.78 percent.

Looking to refinance your home? Discover more information about what a Fixed Rate Mortgage is, and whether it’s the right home loan option for you.