US Bank (NYSE:USB) is today offering some of the lowest home purchase mortgage rates to be found on the market as a whole, with many rivals including SunTrust (NYSE:STI) largely paling in comparison.
The benchmark 30 year loan interest rates stand at 3.375% at SunTrust Banks (NYSE:STI) today carrying an APR of 3.477%. The best 30 year FHA fixed rate mortgage interest rates have been listed at 3.200% at the bank and an APR of 4.295%.
Popular 15 year loans are 2.700% yielding an APR of 2.891%.
As far as ARMs go, 5 year loans at SunTrust are published at 2.300% and an APR of 2.939%. 7/1 ARM loans are on the books at 2.400% today with a starting APR of 2.921%.
Standard 30 year fixed rate loans at US Bankcorp (NYSE:USB) are available starting at 3.250% and an APR of 3.441%. 30 year FHA loan interest rates start at 3.250% with a bit higher APR of 3.791%. The best 30 year jumbo fixed rate mortgage interest rates at the bank are being offered for 3.750% and an APR of 3.894% which is of course a bit higher than the non-jumbo loans.
30 year VA FRMs have been published at 3.500% with an APR of 3.826%.
The short term 15 year FRMs have been quoted at 2.500% yielding an APR of 2.803%.
15 year FHA loan interest rates stand at 2.750% today yielding an APR of 3.433%. 15 year Jumbo fixed rate loans start at 2.750% yielding an APR of 3.000% today. 15 year VA FRM interest rates are listed at 2.750% and APR of 3.323%.
10 year fixed rate mortgages are being quoted at 2.375% today and an APR of 2.920%. The 3 year Adjustable Rate Mortgages stand at 3.375% currently with a starting APR of 3.628%. The 5/1 Adjustable Rate Mortgages at US Bank have been published at 2.875% with a starting APR of 3.420%.