HRMC issues interest rates on a risk-based, real-time, pricing model. Hence, our rates and/or closing costs can change up or down every six minutes. However, this model enables HRMC to issue the lowest interest rates to our clients without expensive hedging costs that are typically passed on to borrowers through higher rates and/or higher closing costs by normal retail banks that offer mortgage services.
The above rates were issued at the date and time stamp listed above.
The rates published assume a loan amount between $300,000 and $417,000. The rates published assume a ‘lock to close’ period of no greater than 15 days. The rates published assume a borrower’s credit score in the high 700’s. The rates published assume a down payment or equity greater than 20%. Rates are subject to change at any time.