The benchmark 30 year FRM interest rates are coming out at 4.500% at US Bankcorp (NYSE:USB) yielding an APR of 4.673%. The FHA options for the 30 year loans are being quoted at 4.375% at the bank with an APR of 4.879%. 30 year jumbo loan deals have been published at 4.625% yielding an APR of 4.777%.
30 year VA fixed rate loan interest rates stand at 4.500% yielding an APR of 4.846%.
The short term, popular 15 year fixed rate loan interest rates stand at 3.500% carrying an APR of 3.811%.
The FHA 15 year mortgage interest rates have been published at 4.000% yielding an APR of 4.565%. 15 year Jumbo fixed rate loans are available starting at 3.750% carrying an APR of 4.008% today. VA 15 year interest rates are listed at 4.000% yielding an APR of 4.721%. 10 year loan interest rates are published at 3.375% at the bank carrying an APR of 3.823% today. The 3/1 ARM loans are available starting at 2.250% currently and APR of 3.261%. 5 year Adjustable Rate Mortgages at US Bank are 2.625% and an APR of 3.250%.
Update on the Market and Stock performance
All the mortgage interest rates change with MBS’s (mortgage backed securities) prices that usually move with the stock market. Markets fell by market close today putting the DOW at 15,337.70 up -0.73%.
Today’s rates at the bank moved in the same direction as the securities markets. More specifically, the banks stock increased to 36.95 up +0.18.