Current Mortgage Rates Remained Flat at US Bank Corp on April 16, 2014
At the popular American mortgage lender, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates haven’t experienced any movement on April 16, 2014, even though the unexpected market changes affected the pricing policies of several other mortgage lenders today. Today, the potential borrowers can find the ideal fixed and flexible home loan deals being traded at same interest rates as yesterday.
For the potential home buyers, who are troubled by their poor credit score, or are unable to deal with the expensive down payment requirements, the bank is offering its FHA approved 30 year fixed rate mortgage home loans at an interest rate of 4.375% and an APR yield of 4.879% this Wednesday. However, the relatively shorter, 15 year FHA fixed rate mortgage home loan packages are coming out an interest cost of 4.000% and are backed by an APR yield of 4.565%.
Sometimes, the borrowers need larger finances for investing in their expensive home dreams; the lender is offering jumbo versions of its popular 30 year fixed rate mortgage home loan options at an interest rate of 4.625% and an APR yield of 4.777%. In the short term home lending section, the bank is offering 15 year counterparts of the 30 year jumbo fixed rate mortgage plans at a lending rate of 3.750% and an annual percentage yield of 4.008% this Wednesday.
As far as the adjustable rate mortgages are concerned, the interested customers can find 3 year variable rate home loans published at an interest rate of 2.250% and are accompanied by an APR yield of 3.261% on the principal amount of home loan secured from the bank. On the other hand, the more flexible, 5 year adjustable rate loans can be locked in at a starting rate of 2.625% and an APR yield of 3.250% during the initial years of the home loan tenure.