Current Mortgage Interest Rates Remain Steady at US Bank Corp on July 16, 2014
At the American mortgage lender, US Bank Corp (NYSE: USB), benchmark 30 year fixed mortgage interest rates didn’t experience any movement on July 16, 2014, as against the figures published by the bank yesterday. As of now, the qualified home loan seekers can lock in the fixed as well as flexible home loan packages at the same interest rates, without burning a hole in their pocket owing to the increased lending rates.
The mortgage shoppers, who are facing issues in securing standard home loans due to poor credit score or insufficient funds to deal with expensive down payments, can opt for FHA approved 30 year fixed rate mortgage schemes, which are now advertised at a lending rate of 4.375% and an APR yield of 4.879%. The US based financier also offers the short term, 15 year FHA fixed rate mortgage home loans at a lending rate of 4.000% and an annual return rate of 4.565% today.
When it comes to flexible home loan options, the 3 year adjustable rate mortgage deals can be seen quoted at a starting interest rate of 2.250% and APR yield of 3.261%. The more flexible, 5 year variable home loans are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% to begin with.