Quicken Loans is the largest online retail mortgage provider in the United States. It’s also ranked as the third largest lender overall. The lender provides home refinance loans at the following mortgage rates, as of June 27, 2013.
Presently, the 30-year fixed home refinance mortgageat Quicken Loans is available at an interest rate of 4.25% and an effective annual percentage rate (APR) of 4.461%. The shorter-term 15-year fixed home refinance loan is offered at 3.25% and it comes with 3.688% by way of APR.
Mortgage loans, which are backed by the Federal Housing Administration (FHA), can also be found among Quicken Loans’ offerings. On Thursday, the 15-year fixed FHA mortgage is listed at 3.25%, a competitive rate compared to other lenders’ similar FHA deals. The loan package comes with an APR figure of 4.307%.
Borrowers who need more flexibility in terms of interest rates may want to use the adjustable rate mortgage (ARM) options from Quicken Loans. Today the lender offers the 7/1 ARM home refinance loan at 3.125%, which comes with an APR variable of 3.238%.
U.S. Bank (NYSE:USB) is a top mortgage lender, which advertises home purchase and refinance mortgage packages for interested customers. Among the popular fixed loans, we can mention the long-term 30-year FRM, which has an opening rate of 4.625% at this lender and carries an APR of 4.690%. The shorter, 15-year fixed conforming home loan is available at a rate of 3.750% and an APR figure of 3.860% as of Thursday.
Just like at Quicken Loans, interested borrowers can find some FHA-insured loans at U.S Bank. Presently, the 30-year fixed FHA package can be secured at 4.500% and the loan comes with an APR of 4.846%.
Among U.S. Bank’s VA mortgage loan options, particularly the long-term 30-year fixed VA deal could be interesting for potential borrowers, as it bears a rate of 4.500% and has an annual percentage rate of 4.846%.
With regards to current Jumbo loan rates, the 30-year fixed Jumbo mortgage is coming out at 4.250%. The corresponding APR is set at 4.399%, according to the lender’s rate information.
For complete details on Quicken Loans’ and U.S. Bank’s mortgage interest rates, please head over to the lender’s websites.