The benchmark 30 year fixed rate mortgage interest rates at US Bankcorp (NYSE:USB) are 4.500% today with an APR of 4.673%. The lower FHA 30 year interest rates at the bank are coming out at 4.375% yielding an APR of 4.879%. 30 year jumbo FRMs at the bank are being quoted at 4.625% with an APR of 4.777%.
VA 30 year FRMs have been published at 4.500% carrying an APR of 4.846%.
The short term, popular 15 year fixed rate loans at the bank have been offered at 3.500% today yielding an APR of 3.811%.
15 year FHA fixed rate mortgages have been offered at 4.000% and an APR of 4.565% today. 15 year Jumbo fixed rate mortgages stand at 3.750% carrying an APR of 4.008% today. VA 15 year FRMs are coming out at 4.000% and APR of 4.721%. 10 year fixed rate loan interest rates are being quoted at 3.375% at the bank carrying an APR of 3.823%. The 3/1 Adjustable Rate Mortgage interest rates are listed at 2.250% currently with a starting APR of 3.261%. The 5/1 ARM interest rates are coming out at 2.625% at US Bank and the APR is 3.250%.
Related Financial News
Interest rates for mortgages change because of securities backed by mortgages which track with the stock market. Overall markets lost ground in today’s trading to leave the DJIA at 15,337.70 a decrease of -113.35.
Mortgages at the bank tracked with the stock market direction. Specifically, the banks stock gained ground to 36.95 up +0.18.