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Best Mortgage Rates Updated by US Bank on 22nd July

Best Mortgage Rates Updated by US Bank on 22nd July

Business

Best Mortgage Rates Updated by US Bank on 22nd July

Best Mortgage Rates Updated by US Bank on 22nd JulyAccording to the report published in Financial Times yesterday, some of the top US banks experience a fall in losses (lowest loan losses in last 8 years) due to stricter lending standards imposed after the financial crises.

US Bank today on 22nd July offered their latest mortgage rates for their wide array of Mortgage Loan products that include Adjustable (ARM), Conforming Fixed Rate, Jumbo Fixed Rate, FHA and VA Mortgage Loans.

For their ARM Mortgage Loans, the new interest rates and APR are as follows for their three different Mortgage products under ARM category.

ARM Mortgage Loans – US Bank 22nd July
10 Year ARM Mortgage Loan 3.5% Interest Rate 3.348% APR
5 Year ARM Mortgage Loan 2.625% Interest Rate 2.866% APR
3 Year ARM Mortgage Loan 2.625% Interest Rate 2.897% APR

US Bank today published their latest interest rates and their yearly APR yield. Details are as follows.

Conforming Fixed Mortgage Loans – US Bank 22nd July
Conforming Fixed – 30 Year 4% Interest Rate 4.189% APR
Conforming Fixed – 20 Year 3.75% Interest Rate 3.936% APR
Conforming Fixed – 15 Year 3.25% Interest Rate 3.504% APR
Conforming Fixed – 10 Year 3% Interest Rate 3.313% APR

For their another popular Mortgage Loan product, FHA Mortgage Loans, the updated rates are as follows.

FHA Mortgage Loans – US Bank 22nd July
FHA – 30 Year Fixed 3.875% Interest Rate 4.379% APR
FHA – 15 Year Fixed 3.375% Interest Rate 3.946% APR

New published rates by US bank for their VA Mortgage Loan products are shared below.

VA Mortgage Loans – US Bank 22nd July
VA – 30 Year Fixed 4% Interest Rate 4.335% APR
VA – 15 Year Fixed 3.5% Interest Rate 4.085% APR

For their last but a popular Mortgage Loan product, Jumbo Mortgage Loans, the new rates for 22nd July are shared under the following table.

Jumbo Fixed Rate Mortgage Loans – US Bank 22nd July
Jumbo – 30 Year Fixed 4% Interest Rate 4.083% APR
Jumbo – 20 Year Fixed 4% Interest Rate 4.115% 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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