Summary of Conventional and Refinancing Mortgage Interest Rates at US Bank Corp on May 15, 2014
Keeping its part of offering stable interest rates, US Bank Corp (NYSE: USB) yet again did not make any immediate or shocking change to its benchmark 30 year fixed mortgage interest rates on May 15, 2014. Moving along the same course that it has been following since the past few days, the American lender is now offering the fixed as well as flexible home loan deals at the same interest rates as yesterday.
The potential home buyers, who are seeking ideal finances to back its pricey home investment, can go for the jumbo versions of the popular 30 year fixed rate mortgage loans, which are now coming out at an interest rate of 4.625% and an APR of 4.777%, which is higher than what the non-jumbo home loan offers. The relatively shorter, 15 year jumbo fixed rate mortgage home loan plans are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% this Thursday.
For the troubled customers, the bank now offers its FHA backed 30 year fixed rate mortgage loans at an interest rate of 4.375% and an annual percentage yield of 4.879%. In the short term lending section, the 15 year counterparts of the 30 year FHA fixed rate home loan deals can be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.
When it comes to home loans with flexible rates of interest, the mortgage shoppers can opt for the best 3 year adjustable rate home loans, which are now quoted at a starting interest rate of 2.250% and an APR yield of 3.261%. For the borrowers interested in more flexible deals, 5 year adjustable rate home loan plans are now listed at an interest price of 2.625% and an APR yield of 3.250%.