Quicken Loans is an online retail home loan provider. It's the largest online lender and the third largest overall lender in the country. The lender provides home refinance loans, among its other financial services, at the following mortgage rates, as of August 9, 2013.
Presently, the 30-year fixed home refinance mortgage package at Quicken Loans is available at an interest rate of 4.25% and an effective annual percentage rate (APR) of 4.494%. The shorter-term 15-year fixed home refinance loan is offered at 3.25% and it comes with 3.707% by way of APR.
Mortgage loans, which are insured by the Federal Housing Administration (FHA), can also be found among Quicken Loans' offerings. This Friday, the 15-year fixed FHA mortgage is quoted at 3.25%, a competitive rate compared to other lenders' similar FHA deals. The loan package comes with an APR figure of 4.23%.
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Mortgage shoppers who need more flexibility in terms of interest rates may want to use the adjustable rate mortgage (ARM) options from Quicken Loans. These come with a fixed interest rate period then the rate is adjusted depending on prevailing interest rates at the reset schedule for the rest of the loan's duration. The mortgage lender advertises the 7/1 ARM home refinance loan at 3.25%, which comes with an APR variable of 3.287%.
U.S. Bank, which is operated by U.S. Bancorp (NYSE:USB), provides some loan options for home purchasing and refinancing purposes. The mortgage interest rates supplied below assume that the borrower has strong credit standing. Among the popular fixed loans, we can mention the long-term 30-year FRM, which has an opening rate of 4.625% at this lender and carries an APR of 4.690%. The shorter, 15-year fixed conforming home loan is available at a rate of 3.625% and an APR figure of 3.734% as of Friday.
Interested borrowers will find a couple of FHA-backed loans at U.S. Bank. Currently, the 30-year fixed FHA loan is up for grabs at 4.375% and the package comes with an APR of 4.879%.
Among U.S. Bank's VA mortgage loan options, particularly the long-term 30-year fixed VA deal could be interesting for potential borrowers, as it bears a rate of 4.375% and has an annual percentage rate of 4.718%.
With regards to current Jumbo loan rates, the 30-year fixed Jumbo mortgage is coming out at 4.375%. The corresponding APR is set at 4.525%, according to the lender's rate information.
Please, check the lenders' websites for more additional information on current mortgage loan offerings.
