Quicken Loans is an online retail home loan provider, which is the largest online lender and the third largest overall lender in the country. This mortgage loan provider offers home refinance deals among its other financial services.
At Quicken Loans, the 30-year fixed rate home refinance mortgage is currently available at an interest rate of 4.25% and an effective annual percentage rate (APR) of 4.494%. The shorter-term 15-year fixed rate home refinance loan is offered at an interest rate of 3.25% and a corresponding 3.707% APR.
FHA loans are also available for mortgage refinancing at this mortgage provider, with the 15-year fixed FHA mortgage coming out at 3.25% as of Sunday. The accompanying annual percentage rate stands at 4.23%.
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Borrowers who need more flexibility in terms of interest rates may want to use the adjustable rate mortgage (ARM) options from Quicken Loans. Today the lender offers the 7/1 ARM home refinance loan at 3.25%, which comes with an APR variable of 3.287%.
U.S. Bank (NYSE:USB) is a major mortgage lender, which advertises home purchase and refinance mortgage packages for interested customers. 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%, according to the lender's published rate information.
Mortgage shoppers who are looking to invest in a new or used home and considering to lock in a favorable FHA loan, should take a look at U.S. Bank's 30-year fixed FHA mortgage, which bears 4.375% in interest and an APR of 4.879%. The shorter-term 15-year fixed FHA loan has an asking rate of 3.875% and has an APR variable of 4.439%.
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 adjustable rate loans, the 5-year ARM home mortgage is offered by U.S. Bank at a rate of 2.875% and an APR of 3.259% while the 3-year version of this deal comes with an interest rate of 2.375% and a corresponding APR of 3.210%.
For those looking for long-term Jumbo loans, this lender advertises the 30-year fixed Jumbo package at a rate of 4.375%. The loan package features an APR variable of 4.525%. The 20-year fixed Jumbo loan doesn't look bad either, as it carries 4.000% in interest and an APR sum of 4.203% as of Sunday.
For complete details on Quicken Loans' and U.S. Bank's mortgage interest rates, please take a visit to the lenders' websites.
