Mortgage Rates Today: US Bank Deals Among the Best This Friday

October 07, 2011 / Russell Legato, Residential Property Analyst

US Bank (NYSE:USB) has offered some of the very lowest priced deals across many packages this week when compared to the other major US lenders and the same looks to be said as the weekend draws closer.

Mortgage Rates Today: US Bank Deals Among the Best This Friday

For borrowers looking to purchase a used or new home with the help of US Bank, the standard 30 year fixed term deal for purchase can today be taken out forĀ  3.750% with a resulting APR of 3.978%, while the shorter 15 year deal for purchase is now at 3.250% with an APR of 3.522%.

FHA fixed 30 year deals on the other hand can be locked in for 3.750% with an APR of 4.315%, while the FHA 15 year fixed term purchase package is at 3.250% with a resulting APR of 3.946%.

The 5 year ARM term is also available with an introductory rate of 2.625% and an APR of 3.411%.

Strong deals across most lenders throughout the week would have been expected to yield strong signs in the US housing market, though according to the most recent data as the week comes to a close, activity volume for both purchases and refinances is once again in decline.

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