Amid the tough economic situations, where several other mortgage lenders have been facing a tough time keeping their lending rates from fluctuating up and down, US Bank Corp (NYSE: USB) managed to find a safe ground this Friday. The American lender did manage to keep its benchmark 30 year fixed mortgage interest rates unchanged on January 17, 2014, as it has been doing all through the past week.
In the standard, long term lending section, the bank is now offering the 30 year fixed rate mortgage home loan deals at an interest cost of 4.500% and an annual percentage rate of 4.673% today. However, the relatively shorter, 15 year fixed rate mortgage packages are now priced at an interest rate of 3.500% and are backed by an APR yield of 3.8115 today. The customers can also find the shortest, 10 year fixed rate mortgage home loan options coming out at an interest rate of 3.375% and carrying an APR yield of 3.823%.
The borrowers, who are finding it hard to obtain a standard home loan due to their poor credit score or heavy down payment requirements, can reap the benefits of the FHA approved 30 year fixed rate mortgage home loan deals, which are now advertised at a lending rate of 4.375% and are backed by an APR yield of 4.879%. The relatively shorter, 15 year FHA versions of the fixed rate mortgage home loan packages are now available at an interest price of 4.000% and an APR yield of 4.565%.
For the mortgagors looking forward to have their expensive home purchase financed from US Bank Corp, the best 30 year jumbo fixed rate mortgage options would be an ideal pick at an interest rate of 4.625% and an APR yield of 4.777%, which is certainly higher than the conventional home loan rates. On the other hand, the shorter, 15 year jumbo FRM home loans are up for grabs at an interest cost of 3.750% and are backed by an APR yield of 4.008% today.
The VA versions of 30 year fixed rate mortgage deals can be locked in at an interest rate of 4.500% and an APR yield of 4.846%. However, the 15 year VA fixed rate mortgage schemes are now published at a lending rate of 4.000% and an APR yield of 4.721% in the bank’s loan books.
As far as the variable rate lending options are concerned, the customers can find the best 3 year adjustable rate mortgage home loans being traded at an interest price of 2.250% to start with and an APR yield of 3.261%. However, the more flexible, 5 year adjustable rate home loans are now up for grabs at a starting 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.