Standard 30 year fixed rate loans have been published at 4.500% at US Bankcorp (NYSE:USB) carrying an APR of 4.673% today. 30 year FHA loans can be had for 4.375% with a bit higher APR of 4.879%. The higher interest jumbo 30 year loan interest rates at the bank are listed at 4.625% and an APR of 4.777%.
30 year VA FRM interest rates are being offered for 4.500% carrying an APR of 4.846%.
The shorter term 15 year fixed rate loans at the bank have been published at 3.500% with an APR of 3.811% today.
15 year FHA fixed rate mortgage interest rates have been offered at 4.000% carrying an APR of 4.565%. The Jumbo version of the 15 year fixed rate mortgages start at 3.750% and APR of 4.008%. The VA version of the 15 year fixed rate mortgages are being quoted at 4.000% yielding an APR of 4.721%. 10 year FRM interest rates are listed at 3.375% carrying an APR of 3.823% today. 3/1 ARMs are 2.250% and APR of 3.261%. The 5/1 ARM deals are published at 2.625% at US Bankcorp with a starting APR of 3.250%.
Financial Market News
Loan interest rates are usually influenced by mortgage financial instruments which follow stock market motions. Financial markets waned by close of day today putting the DJAI at 15,337.70.
As expected the bank followed the market’s performance. More specifically, US Bankcorp’s stock price gained ground to 36.95 up +0.49%.