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Quicken Loans’ 30-Year, Fixed-Rate Mortgages Start at 4.75%

Posted by: RateAPY Bank Rates News
March 18th, 2010

Mortgage Rates Set to Rise?

The Federal Reserve announced March 16 that it would halt at the end of this month its $1.25 trillion program of buying mortgage-backed securities. And many economists think that that could mean higher mortgage rates soon.

So if you’re considering refinancing, or if you want to buy a home, it’s likely that now is the time to act.

Quicken Loans’ Home Loan Deals

Quicken Loans, which claims to be America’s number one online lender, may well be able to find you an excellent home loan deal. The company says that it has an A+ rating from the Better Business Bureau, along with “…exclusive technology that ensures you get outstanding service and the fastest, easiest mortgage available.”

Right now, Quicken Loans’ mortgage rates are:

• 30-Year Fixed: 4.75% (4.955% APR)
• 15-Year Fixed: 4.25% (4.469% APR)
• 5-Year Adjustable-Rate Mortgage 3.50% Future Adjustments (3.414% APR)

Compare Mortgage Rates

For most Americans, their mortgage is the single biggest loan they’ll ever have. So it’s worth taking time to research the market thoroughly before signing an agreement, and compare current mortgage rates.