The benchmark 30 year fixed rate mortgages at US Bankcorp (NYSE:USB) are available starting at 3.375% and APR of 3.598%. There are other lenders quoting 3.375% but the prevailing rate is still higher at 3.50%.
30 year FHA fixed rate mortgages have been quoted at 3.500% at the bank and an APR of 4.053%. 30 year jumbo loan deals at the bank are listed at 3.375% yielding an APR of 3.598%.
The short term 15 year fixed rate mortgage interest rates have been listed at 2.500% at the bank carrying an APR of 2.875% today.
The FHA version of the 15 year mortgages which are easier to get into than the conventional mortgage have been quoted at 2.750% and APR of 3.433%. The Jumbo 15 year interest rates are being offered for 2.500% with an APR of 2.893% today. 10 year fixed rate mortgage interest rates at the bank start at 2.375% carrying an APR of 2.920% today. 3/1 ARMs are available starting at 2.500% currently yielding an APR of 3.413% to start. ARM loans in the 5 year category have been offered at 2.375% at US Bank with a starting APR of 3.244% which will change as interest rates adjust.