How to read our rates
The refinance rates shown assume a few basic things, including:
- You have very good credit (a FICO® Score of 740+) and a specific amount of equity for your loan type.1
- Your loan is for a single-family home as your primary residence.
- You will purchase up to
one mortgage discount point in exchange for a lower interest rate. Connect with a mortgage loan officer to learn more about mortgage points.
Check out the refinance rates charts below to find 30-year and 15-year refinance rates for each of the different mortgage loans U.S. Bank offers. If you decide
not to purchase mortgage discount points at closing, your interest rate may be higher than the rates shown here. To learn more about rates and to see what you may qualify for, contact a mortgage loan officer.
This table shows rates for conventional fixed-rate mortgages through U.S. Bank.
| Term
| 30-year fixed
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 20-year fixed
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 15-year fixed
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 10-year fixed
|
| Rate
|
|
| APR
|
|
| Points
|
|
This table shows rates for conventional fixed-rate mortgages through U.S. Bank.
TermRateAPR Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.
Points
Mortgage points, or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500.
30-year fixed|
|
|
|
20-year fixed|
|
|
|
15-year fixed|
|
|
|
10-year fixed|
|
|
|
This table shows rates for adjustable-rate mortgages through U.S. Bank.
| Term
| 10-year ARM
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 7-year ARM
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 5-year ARM
|
| Rate
|
|
| APR
|
|
| Points
|
|
This table shows rates for adjustable-rate mortgages through U.S. Bank.
TermRateAPR Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.
Points
Mortgage points, or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500.
10-year ARM|
|
|
|
7-year ARM|
|
|
|
5-year ARM|
|
|
|
This table shows rates for FHA mortgages through U.S. Bank.
| Term
| 30-year fixed - FHA
|
| Rate
|
|
| APR
|
|
| Points
|
|
This table shows rates for FHA mortgages through U.S. Bank.
TermRateAPR Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.
Points Mortgage points,
or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500.
30-year fixed - FHA|
|
|
|
This table shows rates for VA mortgages through U.S. Bank.
| Term
| 30-year fixed - VA
|
| Rate
|
|
| APR
|
|
| Points
|
|
This table shows rates for VA mortgages through U.S. Bank.
TermRateAPR Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.
Points Mortgage points,
or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500.
30-year fixed - VA|
|
|
|
This table shows rates for jumbo mortgages through U.S. Bank.
| Term
| 30-year fixed - jumbo
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 20-year fixed - jumbo
|
| Rate
|
|
| APR
|
|
| Points
|
|
| Term
| 15-year fixed - jumbo
|
| Rate
|
|
| APR
|
|
| Points
|
|
This table shows rates for jumbo mortgages through U.S. Bank.
TermRateAPR Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.
Points Mortgage
points, or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500.
30-year fixed - jumbo|
|
|
|
20-year fixed - jumbo|
|
|
|
15-year fixed - jumbo|
|
|
|
Lock in your rate.
We offer a variety of home refinancing options. Let one of our dedicated mortgage loan officers help you find the option that best fits your needs.
Find a mortgage loan officer near you or call us at 855-815-8894.
Mortgage interest rates vs. APR
The
interest rate is the cost of borrowing the principal loan amount. The interest rate does not reflect fees or any other charges you may need to pay for the loan. The Annual Percentage Rate (APR) represents the true yearly cost of your loan. It includes the actual interest you pay to the lender, plus any fees or costs. That’s why a mortgage APR is typically higher than the
interest rate – and why it’s such an important number to know when comparing loan offers.
Learn about rate vs. APR