The best 30 year fixed rate mortgages at US Bankcorp (NYSE:USB) are available starting at 4.500% carrying an APR of 4.673%. 30 year FHA loan interest rates stand at 4.375% and APR of 4.879%. The best 30 year jumbo loan interest rates are coming out at 4.625% and an APR of 4.777% which is of course a bit higher than the non-jumbo loans.
VA 30 year loans have been published at 4.500% with an APR of 4.846%.
The short term, popular 15 year fixed rate loan interest rates are published at 3.500% yielding an APR of 3.811%.
15 year FHA FRM interest rates have been offered at 4.000% and APR of 4.565% today. 15 year Jumbo loan deals are on the books at 3.750% today with an APR of 4.008%. VA 15 year fixed rate mortgages are coming out at 4.000% with an APR of 4.721%. 10 year loans at the bank stand at 3.375% carrying an APR of 3.823%. 3/1 ARM interest rates start at 2.250% with a starting APR of 3.261%. The 5/1 ARM loans at US Bank are on the books at 2.625% yielding an APR of 3.250% to start.
Market Impact on Mortgage Rates
Mortgage interest rates are often steered by securities specifically for mortgages that follow stock market motions. Securities lowered in today’s trading putting the DOW at 15,337.70.
Not surprisingly US Bank followed the DJIA day end results. Specifically, this particular bank’s stock gained ground to 36.95 up +0.18.