Mortgage Rates Today: US Bank In Line with National Average and Other Major Lenders
US Bank(NYSE:USB) has spent the lion’s share of the week leaving many other major lenders in the dust with regard to some of the excellent mortgage deals on offer and Thursday is certainly no exception. Not only are the rates being advertised well in line with the national averages, but also significantly lower than competing brands in the case of some of the most popular products.
In the case of products and packages for the purposes of purchase, 30 year fixed rate mortgages are today being advertised for 3.875% with a resulting APR of 4.020%, while the 15 year alternative is offering equally high value at 3.250% with an APR of 3.504%.
Jumbo 30 year fixed rate mortgages can be secured for 3.875% with an APR of 4.105%, while the 15 year Jumbo option is today at 3.250% and an APR of 3.652%.
3 year ARM terms can be taken with a starting rate of 2.375% and an APR of 3.481%, while the 5 year ARM term is being advertised for 2.625% to start with a resulting APR of 3.411%.
The above figures serve as excellent evidence that shopping around has the very real potential to save so many consumers thousands on potential mortgage terms. While there is no telling as to how long the run of excellent rates will last, there is still time to pick up an excellent package and make the best of what has been the most golden opportunity in decades.
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