Closing Week Mortgage Rates: US Bank Continues to Lead Pack in Home Loan Value
For those looking to purchase a new or used home this week, US Bank (NYSE:USB) is once again offering a range of incredible value mortgage packages that are not only down from those advertised next week, but in many cases leaps and bounds ahead of many other major lenders. As such, the coming weekend could once again spell a golden opportunity to take full advantage and lock in one of the best deals seen in years.
In the case of some of the most popular home purchase packages of all, the standard 30 year fixed rate term is now being offered at a rate of 3.750% and APR of 3.957%, while on the other hand the 15 year fixed package can be taken out for 3.125% and an APR of 3.488%.
30 year fixed rate FHA loans can be taken out today with an attached interest rate of 3.750% and an APR of 4.315%, while the 30 year Jumbo loan can be locked in for 3.875% and APR of 4.105%.
Moving on to some of the better adjustable term deals on offer today, the 5/1 ARM is available at a rate of 2.500% and APR of x3.448% variable, while the 3/1 ARM continues to show excellent promise at 2.375% and an APR amounting to 3.577% variable.
With analysts across the board now having to fully rethink their predictions for the future, talk has once again turned to the possibility of new, record breaking lows in the very near future.
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