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Current Mortgage Interest Rates at US Bank Corp Move Along the Same Track on May 8, 2014

Current Mortgage Interest Rates at US Bank Corp Move Along the Same Track on May 8, 2014

Business

Current Mortgage Interest Rates at US Bank Corp Move Along the Same Track on May 8, 2014

Current Mortgage Interest Rates at US Bank Corp Move Along the Same Track on May 8, 2014Just when one thought that every mortgage lender in the US is increasing the lending rates, US Bank Corp (NYSE: USB) published its mortgage charts that showcased no change in the benchmark 30 year fixed mortgage interest rates on May 8, 2014. This Thursday, the ideal fixed and flexible home loan plans are coming out at a the same interest rates as yesterday, thereby making it economical for the potential home buyers to finance their realty investment.

As of now, the standard, long term, 30 year fixed rate mortgage home loans are listed at an interest rate of 4.500% and an APR yield of 4.673%. However, in the short term home loan section, the mortgage shoppers can spot the 15 year fixed rate home loans coming out at a lending cost of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan deals can be found listed in the bank’s books at an interest rate of 3.375% and an annual percentage yield of 3.823% this Thursday.For the customers, who are face issues in securing standard home loan because owing to the inability to deal with heavy down payment requirements, or their poor credit rating, the bank offers its FHA insured 30 year fixed rate mortgage plans at an interest rate of 4.375% and an APR yield of 4.879%. On the other hand, the relatively shorter, 15 year FHA fixed rate mortgage options are up for grabs at an interest rate of 4.000% and an annual percentage rate of 4.565% today.

In the jumbo lending section, the popular 30 year fixed rate mortgage home loan plans can be seen advertised at an interest rate of 4.625% and carrying an annual percentage rate of 4.777% today. On the contrary, in its short term home financing section, the bank quotes its 15 year jumbo fixed rate mortgage deals at an interest price of 3.750% and an annual return rate of 4.008% this Thursday.

When it comes to the adjustable rate mortgage home loans options, the interested customers can secure the best 3 year variable rate plans at an interest rate of 2.250% and an APR yield of 3.261% today. On the other hand, the 5 year adjustable rate mortgage plans are now coming out at a starting interest rate of 2.625% and are backed by an annual percentage yield of 3.250% on the principal amount of the home loan sanctioned by the bank.

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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