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Current Mortgage Interest Rates are Holding Firm at US Bank Corp on July 18, 2014

Current Mortgage Interest Rates are Holding Firm at US Bank Corp on July 18, 2014

Business

Current Mortgage Interest Rates are Holding Firm at US Bank Corp on July 18, 2014

Current Mortgage Interest Rates are Holding Firm at US Bank Corp on July 18, 2014In such a tough economy and volatile market conditions, the popular American lender, US Bank Corp (NYSE: COF), managed to publish unaltered benchmark 30 year fixed mortgage interest rates on July 18, 2014.  The potential home buyers, who are planning on visiting the local branches of TD Bank in search of ideal home purchase or refinancing deals today, can find the best options being traded at the same interest rates as yesterday.

According to the most up to date mortgage information made available by the US based mortgage lender, the 30 year fixed rate mortgage home loan plans are still quoted at an interest rate of 4.500% and an annual percentage yield of 4.637%. The borrowers, who find the long term lending options somewhat expensive, can now opt for the short term, 15 year fixed rate mortgage home loans, which are coming out at a lending rate of 3.500% and an APR yield of 3.811%.For the borrowers who are planning on funding their bigger home investment through US Bank Corp, 30 year jumbo fixed rate mortgage schemes would be ideal options at an interest rate of 4.625% and an annual return rate of 4.777%. The relatively shorter, 15 year jumbo fixed rate mortgage packages can now be secured by paying an interest price of 3.750% and enjoying an APR yield of 4.008% this Friday.

For the borrowers, who are facing problems in securing conventional home loans due to their poor past credit scores, can now opt for the FHA insured, 30 year fixed rate home loans, which are currently advertised at an interest rate of 4.375% and an annual return of 4.879%. The FHA backed financing options with shorter tenure, the 15 year FHA fixed rate mortgage home loan deals, can be locked in at a lending rate of 4.000% and an APR yield of 4.565%.

The bank also quotes VA versions of the 30 year fixed rate mortgage loans at an interest rate of 4.500% and an APR yield of 4.846% in the home loan portfolio today. For those, who are interested in taking a shorter and less expensive route towards home financing, the bank offers an option of 15 year VA fixed rate mortgages, which are now traded at 4.000% and carry an APR yield of 4.721%.

When it comes to the adjustable rate mortgages home loan division, the borrowers can spot the 3 year deals coming out at an interest rate of 2.250% and an APR yield of 3.261%. The more flexible, 5 year adjustable rate mortgage loans are now up for grabs at a lending cost of 2.625% and a starting annual return of 3.250% this Friday.

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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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