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 4.50% and an effective APR of 4.77%. The shorter-term 15-year fixed rate home refinance loan is offered at an interest rate of 3.50% and a corresponding 3.922% APR.
Federal Housing Administration (FHA)-insured loans are also available for mortgage refinancing at this lender, with the 15-year fixed FHA mortgage being offered at 3.50%. The accompanying annual percentage rate is 4.561%.
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. At Quicken Loans, the 7/1 ARM home refinance loan comes with a rate of 3.625% and an APR of 3.466%.
U.S. Bank (NYSE:USB) is a major mortgage lender, which offers home purchase and refinance loans for interested customers. Among the popular fixed loans, we can find the long-term 30-year FRM, which currently has a starting rate of 4.875% at this lender and bears an annual percentage rate (APR) of 4.941%. The shorter-term, 15-year fixed conventional home loan is up for grabs at 3.950% and an APR variable of 4.060% as of Wednesday, September 11.
Borrowers 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 4.625% in interest and an APR of 5.140%. The shorter-term 15-year fixed FHA loan has an asking rate of 4.125% and has an APR variable of 4.696%.
With regards to the latest adjustable rate loans, the 5-year ARM home mortgage is offered by U.S. Bank at a rate of 3.125% and an APR of 3.346% while the 3-year version of this deal comes with an interest rate of 2.625% and a corresponding APR of 3.266%.
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 4.625% and has an annual percentage rate of 4.973%.
With regards to current Jumbo loan rates, the 30-year fixed Jumbo mortgage is coming out at 4.750%. The corresponding APR is set at 4.903%, according to the lender's rate information.
For complete information on U.S. Bank's and Quicken Loans' latest mortgage interest rates, please head over to the lenders' websites.
