Mortgage rates are down in general as the stock market frets about the fiscal cliff. However the very best rates are still to be found with US Bank and PHH today as has been typical over the past two months.
The benchmark 30 year fixed rate loans have been published at 3.125% at US Bankcorp (NYSE:USB) with an APR of 3.345%. 30 year FHA FRM interest rates at the bank have been published at 3.250% yielding an APR of 3.791%. 30 year jumbo loan interest rates have been quoted at 3.750% and an APR of 3.894% which is of course a bit higher than the non-jumbo loans.
30 year VA fixed rate loans stand at 3.375% and APR of 3.698%.
Shorter term, popular 15 year loan deals at the bank can be had for 2.375% carrying an APR of 2.713% today.
The FHA 15 year loan deals have been published at 2.750% today carrying an APR of 3.433%. 15 year Jumbo fixed rate loans have been quoted at 2.750% carrying an APR of 3.000%. 15 year VA loan interest rates start at 2.750% and an APR of 3.323%. 10 year FRM interest rates are listed at 2.250% and an APR of 2.820% today. 3/1 ARM loans are being quoted at 2.875% currently showing an APR of 3.515%. ARM interest rates in the 5 year category at US Bankcorp start at 2.625% yielding an APR of 3.332% to start.
The best 30 year loan interest rates at PHH Mortgage are listed at 3.150% today yielding an APR of 3.334%. The short term 15 year fixed rate loans at the bank have been listed at 2.430% with an APR of 2.756%.
10 year FRM interest rates are being quoted at 2.430% today with an APR of 2.907%. 20 year FRMs at the bank have been offered at 3.080% and APR of 3.339%.
40 year fixed rate loan interest rates are 3.570% at the bank yielding an APR of 3.723%.
The 3 year Adjustable Rate Mortgages are listed at 4.000% showing an APR of 3.510%. 5/1 ARM loans at PHH Mortgage have been quoted at 2.125% with an APR of 2.959% to start. The 7 year Adjustable Rate Mortgages are published at 2.310% and an APR of 2.931%. 10/1 ARMs have been published at 2.680% with a starting APR of 3.036%.
The best 30 year refinance fixed rate mortgage interest rates are coming out at 3.500% at PHH Mortgage today and an APR of 3.723%. The shorter term 15 year refinance fixed rate mortgages have been listed at 2.750% today with an APR of 3.239%. 7/1 ARM interest rates are coming out at 2.625% today with an APR of 3.141%.