# What are current mortgage interest rates

### Monthly Payment*

These payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.

##### Conforming Mortgages

Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally purchase first mortgages up to loan amounts mandated by Congressional directive.

##### * Explanation of Terms

**Annual Percentage Rate (APR) and Monthly Payment**

The APR is the annual cost of the loan and includes fees (such as mortgage insurance, most closing costs, discount points and loan origination fees) indicating the total cost of the loan. The APR and Monthly Payment calculations are based on a loan amount of $150,000.00 for the purchase of an owner occupied property, with a down payment of 20%, closing costs of $1,300.00 plus points shown above, 15 days of prepaid interest and an interest rate with a 60-day lock period. The APR shown for Adjustable Rate Mortgages (ARMs) may increase or decrease after loan closing. The payment shown for ARMs is the initial monthly payment that may increase or decrease after the initial fixed rate period. For ARM loans, the interest rate may increase per the terms stated in your adjustable rate note.

**Current rates**

Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates available to most customers. Your individual rate may vary.

**Payment Streams**

5/1 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. The first 60 month(s) will be at a payment of $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %, the remaining 300 month(s) will be at a payment of $ 'Amortiztion1' with a corresponding simple interest rate of 'AdjustedRate' %.

7/1 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. The

first 84 month(s) will be at a payment of $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %, the remaining 276 month(s) will be at a payment of $ 'Amortiztion1' with a corresponding simple interest rate of 'AdjustedRate' %.

10/1 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. The first 120 month(s) will be at a payment of $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %, the remaining 240 month(s) will be at a payment of $ 'Amortiztion1' with a corresponding simple interest rate of 'AdjustedRate' %.

15yr Fixed: The total repayment term for this fixed rate loan is 15 years or 180 payments. Monthly Payments will be $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %.

30yr Fixed: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %.

30yr Fixed Community Works: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %.

30yr SONYMA: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly Payments will be $ 'MonthPayment' with a corresponding simple interest rate of 'Rate' %.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

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Source: www.us.hsbc.com

Category: Credit

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