Known for its distinct approach, US Bank Corp (NYSE: USB) has always managed to stand apart from the league and continues to do so by publishing unchanged mortgage interest rates for the third day in a row this week. As per the new mortgage information made available to the potential home borrowers on February 12, 2014, the bank made no change in its benchmark 30 year fixed mortgage interest rates, thereby keeping the demand of its loan products steady in the market.
Today, the eligible customers will have to pay an interest price of 4.500% and agree to an annual percentage rate of 4.673% for acquiring the standard, long term, 30 year fixed rate mortgage loans. However, the borrowers interested in obtaining the short term, 15 year fixed rate mortgage home loan deals, will have to bear an interest burden of 3.500% and an APR yield of 3.811% today. The borrowers can also find the best 10 year fixed rate mortgage home loans trading at an interest rate of 3.375% and an APR yield of 3.823% today.
For the borrowers, who are troubled by their poor credit score of the past or are finding it difficult to secure an ideal home loan due to expensive down payment conditions, the bank offers its FHA backed fixed rate mortgage home loans at an interest rate of 4.375% and an annual return rate of 4.879% today. However, the short term, 15 year FHA fixed rate mortgage deals can be locked in at an interest rate of 4.000% and an annual percentage yield of 4.565% today.
In the expensive home loan section, the mortgage shoppers with huge home financial needs can find the best 30 year jumbo fixed rate mortgage home loans being traded at an interest rate of 4.625% and carrying an APR yield of 4.777% today. In the short term lending section, the customers can find the, 15 year jumbo fixed rate mortgage loans carrying an interest tag of 3.750% and an APR yield of 4.008% today.
As far as the adjustable rate mortgage section is concerned, the mortgage shoppers, who are looking forward to enjoy flexibility in terms of interest rates, can find the perfect 5 year variable rate home loans being traded at an interest rate of 2.250% and carrying an APR yield of 3.261% to begin with. On the other hand, the 5 year adjustable rate mortgage packages can be locked in at a starting interest rate of 2.625% and an APR yield of 3.250% in the initial years of the loan.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.