Find mortgage rates by state.

These rates, APRs, monthly payments and points are current as of 01/09/2025 and may change at any time. They assume you have a FICO® Score of 740+ and a specific down payment amount as noted below for each product. They also assume the loan is for a single-family home as your primary residence and 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.

Compare a variety of mortgage types by selecting one or more of the following.

Conforming adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
10/6 mo
7.375%
7.675%
$3,204
2.406
7/6 mo
7.375%
7.522%
$3,204
1.137
Conforming adjustable-rate mortgage (ARM) loans
Term
10/6 mo
Monthly payment
$3,204
Rate
7.375%
APR 1
7.675%
Points
2.406
Term
7/6 mo
Monthly payment
$3,204
Rate
7.375%
APR 1
7.522%
Points
1.137

The rates and monthly payments shown are based on a loan amount of $464,000 and a down payment of at least 25%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.

Jumbo adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
10/1 yr
6.750%
6.957%
$6,096
0.810
7/1 yr
6.625%
6.914%
$6,018
0.860
5/1 yr
6.625%
6.928%
$6,018
0.695
Jumbo adjustable-rate mortgage (ARM) loans
Term
10/1 yr
Monthly payment
$6,096
Rate
6.750%
APR 1
6.957%
Points
0.810
Term
7/1 yr
Monthly payment
$6,018
Rate
6.625%
APR 1
6.914%
Points
0.860
Term
5/1 yr
Monthly payment
$6,018
Rate
6.625%
APR 1
6.928%
Points
0.695

The rates and monthly payments shown are based on a loan amount of $940,000 and a down payment of at least 25%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.

What is an adjustable-rate mortgage (ARM)?

An ARM loan is a home loan with an interest rate that adjusts throughout the life of the loan. The initial fixed-rate period is typically five, seven or 10 years. After the introductory rate term expires, the rate becomes variable for the remaining life of the loan based on an index and margin.

During the adjustable-rate period, the estimated payment and rate may change. An increase or decrease depends on the market. Market conditions at the time of conversion to the variable rate and during the adjustment period thereafter dictate your rate. A jumbo ARM loan can exceed the conforming loan limit of $806,500 and up to $1,209,750 in high-cost areas like Alaska and Hawaii.

5-year ARM loans

5-year ARMs generally provide the lowest interest rates and monthly payments during the initial rate period. These loans are ideal for borrowers who plan to move or refinance within the five-year period.

7-year ARM loans

7-year ARMs provide seven years of predictable monthly principal and interest payments at a low interest rate before any adjustments are made. If you expect to move or refinance within the seven-year period, this may be a good option.

10-year ARM loans

10-year ARMs are increasingly popular as they combine significant savings for the initial rate period with longer protection from market-based interest rate fluctuations.

Need help choosing the right mortgage option?

If you’re shopping for a home mortgage but aren’t sure about your options, it may be time to find a mortgage loan officer. A mortgage loan officer can offer you guidance on choosing the right loan for your specific needs.

Ready to buy the home you love?

Step 1

Get prequalified for a basic estimate of what you may be able to borrow.

Step 2

Start your application if you’ve found a home you love.

Get answers to common questions.

Start of disclosure content

Disclosures

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

  1. Footnote 1

    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.

The rates shown above are the current rates for the purchase of a single-family primary residence based on a 45-day lock period. These rates are not guaranteed and are subject to change. This is not a credit decision or a commitment to lend. Your final rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.

To lock a rate, you must submit an application to U.S. Bank and receive confirmation from a mortgage loan officer that your rate is locked. An application can be made by calling 844-785-1749, by starting it online or by meeting with a mortgage loan officer.

Minnesota properties: To guarantee a rate, you must receive written confirmation as required by Minnesota Statute 47.206. This statement of current loan terms and conditions is not an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of Minnesota Statutes Section 47.206.