At the beginning of a new trading week, the popular American lender, US Bank Corp (NYSE: USB), made no favorable or unfavorable changes to its benchmark 30 year fixed mortgage interest rates. As per the new mortgage information made available in the market on June 2, 2014, the ideal fixed and flexible home loan plans are coming out at the same interest rates as the last week.
With regards to the standard, long term, home loan offerings, the ideal 30 year fixed home loans can be found advertised at the same interest rate of 4.500% and carrying an annual percentage rate of 4.673% this Monday. For the borrowers, who are planning on securing short term home loans, the 15 year fixed rate mortgage packages would be perfect options at a lending rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan plans are now up for grabs at an interest rate of 3.375% and an APR yield of 3.823%.The potential home loan borrowers, who are facing issues in securing conventional home loans owing to their poor credit score, or inability to service the heavy down payments, can reap the benefits of the FHA insured 30 year fixed rate home loan options, which are now coming out at an interest price of 4.375% and an APR yield of 4.879%. In the relatively shorter lending section, 15 year FHA fixed rate mortgage home loan options can be seen coming out at an interest rate of 4.000% and an APR yield of 4.565%.
For the borrowers, who are planning on securing ideal finances to fund their expensive home purchase, the bank is offering jumbo versions of its popular 30 year fixed rate home loans at an interest rate of 4.625% and an APR yield of 4.777%. For the seekers of short term jumbo financing options, the 15 year fixed rate mortgage home loan schemes are made available at an interest price of 3.750% and an annual percentage yield of 4.008% this Monday.
When it comes to the adjustable rate mortgages options, 3 year variable rate home loan schemes can be locked in at a starting interest rate of 2.250% and an annual percentage yield of 3.261% to start with. In the more flexible home loan section, 5 year adjustable rate mortgage packages are now tagged with an interest price of 2.625% and are accompanied with an APR yield of 3.250% today.
Like us on Facebook
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.