Sensible and Up-to-Date Mortgage Rates at BBVA Compass

Sensible and updated mortgage rates are a necessity for those who are planning to apply for a mortgage. With the economic downturn of the real estate market, mortgage rates are much lower than what they used to be, making this a good time to lock in to a new mortgage or perhaps refinance your loan.

One of the banks that offer good mortgage rates is BBVA Compass. This bank is one of the largest commercial companies in the United States based alone on their market deposit shares. They have 716 branches in California, Arizona, Florida, and many more. The three major units in their business are retail banking, wealth management, and corporate banking. People from all classes in the nation will surely be able to acquire help from this bank because of the different services they have such as mortgages, loans, merchant processing, credit cards, and many more. Customers will just have to choose among the services and products they need.

Mortgage Rates at BBVA Compass

In choosing the best rates, it will also depend on what kind of term or period is applicable. To those who will select the conforming 30 year fixed rate, the interest rate is 3.250% with an annual percentage rate of 3.385%. Another choice is the conforming 15 year fixed rate with an APR or annual percentage rate of 2.993% and a rate of 2.750%. Conforming 5/1 ARM on the other hand has an interest rate of 2.250% with an APR or 3.038%. Other choices include the Jumbo 30 year fixed rate with an APR of 3.903% and a rate of 3.750%. And the Jumbo 15 year fixed rate with interest rate of 3.000% and an APR of 3.251%.

Related BankAim Articles

No comments yet. Be the first.

Leave a reply

*email address will be kept confidential