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Summary of Current Mortgage Rates by US Bank on 24th July

Summary of Current Mortgage Rates by US Bank on 24th July

Business

Summary of Current Mortgage Rates by US Bank on 24th July

Summary of Current Mortgage Rates by US Bank on 24th JulyYesterday, US Bank with 70 other companies partnered with the local non-profits in an attempt to volunteer work on Day of Caring in Bowling Green. More than 1,000 volunteers from different companies including US Bank completed 75 local small projects in just one day.

The bank published new rates for ARM, Fixed Rate, FHA, VA and Jumbo mortgage loans today that increased or remained same for most of the mortgage products.

Details about their latest rates for 10, 5 and 3 Year Adjustable Rate Mortgage loans are as follows.

ARM Mortgage Loans – US Bank 24th July
10 Year ARM: 3.5% Interest Rate 3.348% starting APR
5 Year ARM: 2.75% Interest Rate 2.909% starting APR
3 Year ARM: 2.625% Interest Rate 2.897% starting APR

For their most popular mortgage loan category, the bank offered 4% interest rate and 4.221% APR for the 30 Year Conforming Fixed Rate Loans. Latest rates for their 20, 15 and 10 Year Fixed Rate Mortgage Loans are given below.

Conforming Fixed Mortgage Loans – US Bank 24th July
Conforming Fixed: 30 Year 4% Interest Rate 4.221% APR
Conforming Fixed: 20 Year 3.95% Interest Rate 4.08% APR
Conforming Fixed: 15 Year 3.25% Interest Rate 3.504% APR
Conforming Fixed: 10 Year 3% Interest Rate 3.339% APR

Latest FHA and VA Mortgage Loans by US Bank

FHA Mortgage Loans – US Bank 24th July
FHA – 30 Year Fixed: 3.875% Interest Rate 4.412% APR
FHA – 15 Year Fixed: 3.375% Interest Rate 3.965% APR

VA Mortgage Loans – US Bank 24th July
VA – 30 Year Fixed: 4.125% Interest Rate 4.463% APR
VA – 15 Year Fixed: 3.5% Interest Rate 4.085% APR

For Jumbo Mortgage loans, the latest rates for three different products are shared below.

Jumbo Fixed Rate Mortgage Loans – US Bank 24th 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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