30 year FRM interest rates at US Bankcorp (NYSE:USB) can be had for 4.500% and an APR of 4.673% today. The FHA version of the 30 year loans stand at 4.375% at the bank and an APR of 4.879%. The best 30 year jumbo loan interest rates can be had for 4.625% at the bank carrying an APR of 4.777%.
The VA version of the 30 year fixed rate mortgages have been offered at 4.500% and an APR of 4.846%.
The shorter term 15 year loan interest rates are being offered for 3.500% at the bank today carrying an APR of 3.811%.
The FHA 15 year mortgage interest rates have been offered at 4.000% carrying an APR of 4.565% today. The Jumbo 15 year loans stand at 3.750% and an APR of 4.008%. VA 15 year loan deals are 4.000% carrying an APR of 4.721%. 10 year fixed rate mortgage interest rates start at 3.375% and an APR of 3.823% today. 3 year ARMs are available starting at 2.250% currently with an APR of 3.261%. 5 year ARMs are available starting at 2.625% at US Bankcorp yielding an APR of 3.250% at the beginning of the loan.
Mortgage rates often change with mortgage backed securities which are traded in the stock market. Wall street dropped by market close today to leave the DJIA at 15,337.70 up -0.73%.
Not surprisingly the bank were in synch with Wall Street. Closer to home, the banks stock rose to 36.95 up +0.49%.