By browsing through the lender’s popular fixed home purchase loans today, we can come across the standard 30-year conventional home loan, which presently has an opening rate of 3.750% and carries an APR of 3.821%. The shorter-term, 15-year fixed conventional home loan is coming out at 3.125%. The loan package is accompanied by an APR variable of 3.249%.
U.S. Bank’s non-conventional home loan packages include the Federal Housing Administration (FHA)-insured 30-year fixed mortgage loan. The bank is offering this mortgage package at a rate of 3.750% and the corresponding APR variable is set at 5.305%.
Moving on to other non-conventional loan offerings, the 30-year fixed rate VA mortgage can be secured today at a rate of 3.750%. The corresponding annual percentage rate is 4.088%, according to the latest data from the lender. In case of the shorter, 15-year VA mortgage, the current mortgage rate hovers at 3.125% and the loan package includes an APR variable of 3.717%.
With regards to the latest non-conventional mortgage packages, the 30-year fixed jumbo loan is listed at a rate of 4.000%. In case of the APR, it hovers at 4.072%. Shorter-term jumbo loans are also available, including the 15-year jumbo mortgage, which has an opening rate of 3.625%. The corresponding APR variable is 3.750%.
Under U.S. Bank’s home loan program borrowers can find more flexible loan options as well. The list of mortgage loans, which has more interest rate flexibility, includes the 5-year adjustable rate mortgage. This loan package retained its interest rate level at 2.625%. According to the latest data, the APR figure hovers at 2.855%. Others, who prefer the 3-year ARM alternative, it’s quoted at a rate of 2.750% and the APR is published at 2.914%.
Quicken Loans is also a top mortgage provider, which is headquartered in Detroit. The financial institution advertises various loan packages for potential borrowers. Looking at current refinance rates at this lender, the 30-year mortgage loan is quoted at a rate of 3.75%. The corresponding annual percentage is quoted at 3.966%. Borrowers, who favor the shorter-term, 15-year fixed refinance loan, can expect to pay 2.99% in interest cost. The loan’s APR stands at 3.425%, today’s interest rate information revealed.
Federal Housing Administration-backed loans are also offered by Quicken Loans. Presently, the 15-year fixed FHA mortgage is carrying a rate of 2.75%. The loan is coupled with an APR figure of 3.778%.
The Detroit-headquartered lender is offering the 7/1 adjustable rate at 3.25%, which is coupled with an APR variable of 3.297%.
For further details on U.S. Bank’s and Quicken Loans’ latest mortgage interest rates, please take a visit to the lenders’ websites or contact the loan officers in charge.