For those who qualify for the very best packages of all, there has been little beating US Bank (NYSE:USB) of late for overall value across the board. Thursday looks to be serving up more of the same, though whether package with any level of value would be enough to breathe life back into the struggling housing Market is another thing altogether.
With regard to the fixed rate mortgage packages on offer for the purposes of home purchase, US Bank is today offering the 30 year fixed term deal at a rate of 4.000% and a resulting APR of 4.221%, while the alternative 15 year package can today be taken out for 3.250% with a resulting APR of 3.633%.
30 year FHA loans on the other hand are available for 3.875% and an APR of 4.445%, while the 15 year fixed FHA agreement can be taken out for 3.375% and an APR figure of 4.078%..
Moving on to the adjustable rate purchase packages for Thursday, the 5/1 ARM is being advertised with an introductory rate of 2.750% and an APR of 3.455%, while the 3/1 ARM can be taken out for a rate of 2.500% which amounts to an APR of 3.510%.
As can be seen, the packages are continuing to retain excellent strength as the week goes on, which along with some of the lowest house prices seen in recent history, could unquestionably amount to an excellent opportunity for so many.