U.S. Bank is operated by U.S. Bancorp (NYSE:USB) and it provides various mortgage loan options for home purchase and refinancing purposes.
U.S. Bank is operated by U.S. Bancorp (NYSE:USB) and it provides various mortgage loan options for home purchase and refinancing purposes. U.S. Bank’s mortgage rates, updated for December 30, 2014, are discussed below. Take note, that the annual percentage rate (APR) calculations were based on closing costs and discount points, and the contract interest rates are subject to change without prior notice.
As far as the popular fixed rate home loans are concerned, the standard 30-year conventional loan is published at a rate of 4.000% at this bank and carries an APR of 4.072%. The shorter-term, 15-year fixed conforming home mortgage is coming out at 3.375%. The loan package is accompanied by an APR variable of 3.500%.
Individuals can find a number of FHA-backed mortgage loans at U.S Bank. The current mortgage rate on the 30-year fixed FHA loan is published at 3.750% and the loan features an APR figure of 5.305%.
Looking at other federally insured mortgage loans, the 30-year VA mortgage is advertised by the lender at a rate of 3.750%. The corresponding APR is coming out at 4.088% at this loan provider.
Regarding current jumbo loan rates, the 30-year fixed jumbo mortgage is coming out today at 4.250%. The corresponding APR stands at 4.323%. The shorter, 15-year jumbo can be secured at 4.000%. The loan package is accompanied by an APR variable of 4.127%, according to U.S. Bank’s published rate information.
Looking at more the bank’s flexible loan offerings, the 5/1 ARM is available on Tuesday at a rate of 3.000% and an APR of 3.068% completes the mortgage package. The 3/1 version of this loan may pique some interest from potential customers as it looks stable at a rate of 3.000% and has an APR of 3.068%.
Quicken Loans is an American online retail home loan provider. The Detroit-based lender is the biggest online mortgage provider and the third largest overall lender in the country. The company provides home refinance loans for interested customers, besides its other financial services. Now, the standard 30-year fixed refinance loan has an asking rate of 3.875% and carries an annual percentage rate of 4.092%. The financial institution’s shorter-term, 15-year fixed mortgage is quoted at 3.125% and an annual percentage rate of 3.524% completes the package.
FHA-backed loan solutions are also available at this lender. Quicken Loans’ 15-year fixed FHA mortgage is up for grabs at a rate of 2.875%. The loan is accompanied by an APR variable of 3.887%.
At this lender the 7/1 adjustable rate mortgage, which is a more flexible type of loan compared to conventional packages, is quoted at 3.25%, which comes with an APR figure of 3.297%.
Please, visit the lenders’ websites for further information on the latest mortgage rates and borrowing terms and conditions.