At the popular American mortgage provider, US Bank Corp (NYSE: USB), the fixed and flexible home loan rates are holding steady on February 6, 2014. As per the new mortgage information published by the bank, the benchmark 30 year fixed mortgage interest rates registered no change this Thursday, thereby not affected the overall demand of the bank’s mortgage products in the lending market.
Today, in the standard, long term lending section, the borrowers can spot the 30 year fixed rate mortgage home loan plans being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. However, the relatively shorter, 15 year fixed rate mortgage home loans can be had at an interest rate of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate mortgage home loans can also be found listed in the bank’s loan portfolio at a lending rate of 3.375% and an APR yield of 3.823%.
The borrowers, who are finding it hard to secure a conventional home loan due to their poor credit score of the past or bank breaking down payment requirements, can go for the FHA backed 30 year fixed rate mortgage plans, which are now advertised at a rate of 4.375% and an APR yield of 4.879%. However, in the short term lending section, the bank publishes its 15 year FHA fixed rate mortgage deals at an interest rate of 4.000% and an APR yield of 4.565% today.
For the mortgage shoppers, who are looking forward to secure heavy finances for making expensive home investment, the bank is now offering the best 30 year jumbo fixed rate mortgage home loans at an interest price of 4.625% and an APR yield of 4.777%. Alternatively, the short term, 15 year jumbo fixed rate home loan deals can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.
The VA versions of 30 year fixed rate mortgage packages are also published in the bank’s books against a lending charge of 4.500% and an annual return rate of 4.846% today. However, for the seekers of short term home loans, the bank also offers 15 year VA fixed rate home loan plans at an interest price of 4.000% and an APR yield of 4.721%.
As far as the adjustable rate mortgage home loans are considered, the interested borrowers can find the best 3 year variable rate plans coming out at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. However, the 5 year adjustable rate mortgage packages can be locked in at an interest rate of 2.625% and an APR yield of 3.250%.
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.