Connect with us

Current Mortgage Interest Rates are Holding Steady at US Bank Corp on June 6, 2014

Current Mortgage Interest Rates are Holding Steady at US Bank Corp on June 6, 2014

Business

Current Mortgage Interest Rates are Holding Steady at US Bank Corp on June 6, 2014

Mortgage Interest Rates are Holding Steady at US Bank Corp on June 6, 2014Moving along steady lines, US Bank Corp (NYSE: USB) decided to make no favorable or unfavorable change to its benchmark 30 year fixed mortgage interest rates on June 6, 2014. The qualified home loan seekers, who are planning on having their home investment financed through US Bank Corp, will find the ideal fixed as well as flexible home loan packages coming out at unchanged interest rates today.

As of now, the standard, long term, 30 year fixed rate mortgage home loan deals are coming out at an interest rate 4.500% and are backed by an annual percentage rate of 4.673%. The short term, 15 year fixed rate mortgage home loan options are up for grabs at an interest rate of 3.500% and an APR yield of 3.811% today.  The interested home loan seekers can also spot the shortest, 10 year fixed rate mortgage home loan deals, being listed in the bank’s books at an interest price of 3.375% and carrying an APR yield of 3.823% this Friday.

For the customers, who are facing issues in securing conventional home loans due to their poor credit score, or inability to service heavy down payment conditions, the bank is offering FHA variants of its popular 30 fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879% today. The relatively shorter, 15 year FHA backed fixed rate home loan deals can be locked in at an interest price of 4.000% and an APR yield of 4.565%.

The potential home buyers, who want to secure ideal home loan packages for financing their expensive realty investment, can opt for the jumbo versions of its popular 30 year fixed rate mortgage home loans,  which are now quoted at an interest rate of 4.625% and an APR yield of 4.777% this Friday. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan options are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.

When it comes to flexible lending options, the borrowers can find the best 3 year adjustable rate mortgage deals being traded at an interest rate of 2.250% and carrying an annual return rate of 3.261% to start with. For those who are hoping to enjoy more flexibility in terms of interest rates, the bank offers 5 year adjustable rate mortgage home loans at an interest rate of 2.625% and an APR yield of 3.250% today.

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.

More in Business

Good News

To Top