Summary of Current Mortgage Rates by US Bank on July 31
The latest Mortgage Rates by US bank are published today on 31st of July.
The rates remained same for most of their products or rose slightly along with increased APR. Details about their ARM loan products and latest rates are as follows.
ARM Mortgage Loans – US Bank 31st July
10 Year ARM 3.625% Interest Rate 3.426% APR
5 Year ARM 2.75% Interest Rate 2.909% APR
3 Year ARM 2.75% Interest Rate 2.925% APR
*APR may increase after consummation.
For their most popular conforming fixed rate loan category, the bank published new rates for 30 Year, 20 year, 15 Year and 10 Year Fixed Rate mortgages providing more options to borrowers to borrow under any of the listed category according to their budget.
Conforming Fixed Mortgage Loans – US Bank 31st July
Conforming Fixed – 30 Year 4.125% Interest Rate 4.315% APR
Conforming Fixed – 20 Year 3.95% Interest Rate 4.152% APR
Conforming Fixed – 15 Year 3.375% Interest Rate 3.611% APR
Conforming Fixed – 10 Year 3.25% Interest Rate 3.511% APR
For their lower FHA and VA fixed rate loans, the details are as follows.
FHA Mortgage Loans – US Bank 31st July
FHA – 30 Year Fixed 4.125% Interest Rate 4.629% APR
FHA – 15 Year Fixed 3.5% Interest Rate 4.073% APR
VA Mortgage Loans – US Bank 31st July
VA – 30 Year Fixed 4.25% Interest Rate 4.591% APR
VA – 15 Year Fixed 3.625% Interest Rate 4.212% APR
The latest rates for their larger loan amounts under their Jumbo loan category are also shared under the following table.
Jumbo Fixed Rate Mortgage Loans – US Bank 31st July
Jumbo – 30 Year Fixed 4.125% Interest Rate 4.209% APR
Jumbo – 20 Year Fixed 4.125% Interest Rate 4.241% APR
Jumbo – 15 Year Fixed 3.75% Interest Rate 3.896% APR
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.