Today’s Mortgage Interest Rates at US Bank Corp – May 20, 2014
Moving along steady lines, the popular American lender, US Bank Corp (NYSE: USB), decided to make alterations to the benchmark 30 year fixed mortgage interest rates on May 20, 2014. Walking down the same road, the bank is now trading its ideal fixed and flexible home loan deals at the same interest rates as yesterday, which is certainly not capable of affecting the overall demand of loan products in the market.
As of now, in the standard, long term lending section, bank advertises its 30 year fixed rate mortgage home loan packages at an interest rate of 4.500% and an annual percentage rate of 4.673%. In the relatively shorter lending zone, 15 year fixed rate mortgage home loans are sitting next to a lending rate of 3.500% and are backed by an APR yield of 3.811% today. The interested borrowers can also spot the best 10 year fixed rate mortgage deals being published against an interest rate of 3.375% and carrying an annual percentage yield of 3.823%.
This Tuesday, for the borrowers, who are troubled by their poor credit scores of the past, or are unable to make heavy down payments, the US based lender is offering the FHA insured 30 year fixed rate mortgage options at an interest rate of 4.375% and an APR yield of 4.879%. The shorter, 15 year FHA fixed rate mortgage home loans can be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.
For the mortgage shoppers, who are looking forward to back their expensive home investment through ideal home loan deals from US Bank Corp, jumbo variants of the popular 30 year fixed rate mortgage deals would be an ideal pick at an interest rate of 4.625% and an APR yield of 4.777%. The short term, 15 year jumbo fixed rate home loans are now coming out at a lending rate of 3.750% and an APR yield of 4.008% this Tuesday.
As far as the adjustable rate mortgage deals are concerned, the interested borrowers can find the 5 year flexible home loan packages being traded at an interest rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan period. The more flexible, 7 year adjustable rate mortgage deals can be secured by bearing an interest cost of 2.625% and an APR yield of 3.250% on the principal amount of home loan secured from the bank.