US Bank offered some of the best mortgage rates of all the big banks over the past several months but has now gravitated toward the middle of the pack.
30 year loan interest rates at US Bankcorp (NYSE:USB) are being quoted at 3.625% yielding an APR of 3.820% today. The FHA options for the 30 year loans at the bank are 3.625% yielding a bit higher APR than the conventional loan of 4.183%. The jumbo options for the 30 year loans are available starting at 3.500% at the bank carrying an APR of 3.725%.
Shorter term, popular 15 year fixed rate mortgages are 2.750% carrying an APR of 3.091%.
The FHA 15 year mortgage interest rates are on the books at 2.750% with an APR of 3.433%. The Jumbo 15 year loan deals are published at 2.625% and an APR of 3.020% today. 10 year loan deals are being offered for 2.625% carrying an APR of 3.119%. 3 year Adjustable Rate Mortgages are being offered for 2.625% and APR of 3.442%. 5/1 ARM interest rates can be had for 2.500% at US Bankcorp with an APR of 3.287%.