30 year fixed rate loans at US Bankcorp (NYSE:USB) stand at 4.500% and an APR of 4.673%. 30 year FHA loans are coming out at 4.375% yielding an APR of 4.879%. 30 year jumbo fixed rate loan interest rates can be had for 4.625% carrying an APR of 4.777%.
30 year VA loan interest rates are 4.500% carrying an APR of 4.846%.
The short term 15 year FRM interest rates are on the books at 3.500% at the bank with an APR of 3.811% today.
15 year FHA loans are listed at 4.000% and APR of 4.565%. 15 year Jumbo loan interest rates have been published at 3.750% and APR of 4.008%. 15 year VA loans are 4.000% and APR of 4.721%. 10 year loan interest rates are being offered for 3.375% at the bank with an APR of 3.823% today. 3/1 Adjustable Rate Mortgages have been published at 2.250% today and APR of 3.261%. ARM interest rates in the 5 year category at US Bankcorp can be had for 2.625% with an APR of 3.250% to start.
Stocks and Mortgages
Refinance and mortgage rates move up and down sometimes because of MBS’s traded in security markets that go up and down with the stock market. Stock markets went down in today’s trading to leave the DOW at 15,337.70 a decrease of -113.35.
This time the bank blindly followed the days trading results. Separately, the banks stock rose to 36.95 up +0.18.