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Discover Financial Now offering Home Loans with Competitive Mortgage Rates

Discover Home Loans, a subsidiary of Discover Financial Services, is now offering home loans with competitive mortgage rates. Discover Financial now offers a full range of bank products including credit cards, deposit accounts and mortgages. Mortgage loans are available for both home purchases and for refinances.

Discover Bank Mortgage Rates

Current mortgage rates on 30 year fixed conforming loans are advertised at 3.75 percent with an APR of 3.963 percent. This rate is slightly above the current national average 30 year rate of 3.68 percent.

The advertised refinance rates on Discover Home Loan's website is for a $200,000 refinance with another assumptions. You can receive your own home loan quote by filling out a form in a few minutes.

Mortgage rates today on 15 year conforming loans are advertised at 3.125 percent with an APR of 3.465 percent. Today's 15 year national average rate is at 3.03 percent.

Conforming 5 year adjustable mortgage rates are currently advertised at 3.875 percent with 3.682 percent. The national average 5 year adjustable rate is slightly above at 3.70 percent.

There is also a ton of useful information on obtaining a home loan on Discover Home Loans' website here: Mortgage Education.
Author: Lisa Graham
June 13th, 2012