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Summary of Current Mortgage Rates by US Bank on July 31

Summary of Current Mortgage Rates by US Bank on July 31

Business

Summary of Current Mortgage Rates by US Bank on July 31

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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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