As there is little differentiation in mortgage interest rates among banks consumers seeking loans must focus on other factors.
The best 30 year loan interest rates are published at 3.625% at US Bankcorp (NYSE:USB) today and an APR of 3.810%. The best 30 year FHA FRM interest rates at the bank stand at 3.625% and an APR of 4.183%. The best 30 year jumbo FRM interest rates are being quoted at 3.500% and an APR of 3.725% a bit higher than the non-jumbo loans.
Shorter term, popular 15 year loan interest rates stand at 2.625% yielding an APR of 3.020% today.
The FHA version of the 15 year loans are 2.750% carrying an APR of 3.433% today. The Jumbo 15 year fixed rate mortgages start at 2.625% and an APR of 3.020% today. 10 year fixed rate mortgage interest rates have been listed at 2.500% with an APR of 3.046% today. The 3 year ARM interest rates start at 2.500% currently yielding an APR of 3.413% to start. 5/1 ARMs at US Bankcorp start at 2.500% yielding an APR of 3.287% at the beginning of the loan.