Known for its stability in terms of operations, US Bank Corp (NYSE: USB) held on to its title yet again by publishing the same benchmark 30 year fixed mortgage interest rates on April 2, 2014. This week, for the second day in a row, the American lender did choose to walk along its usual path and keep on trading its fixed and flexible home loan deals at the same interest rates this Wednesday.
According to the recent mortgage information released by the bank today, the standard, long term, 30 year fixed rate mortgage options are being traded at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. As far as the short term home loan deals are considered, the bank publishes its 15 year fixed rate mortgage plans against an interest charge of 3.500% and an APR yield of 3.811%. For the seekers of even shorter home financing options, the bank currently offers 10 year fixed rate mortgage home loans at a lending rate of 3.375% and annual percentage yield of 3.823%.
The potential home buyers, who are looking forward to having their pricey home investment financed through US Bank Corp, can spot the jumbo versions of its popular 30 year fixed rate mortgage loans being traded at an interest rate of 4.625% and yielding an APR of 4.777%, which is certainly higher than the non-jumbo deals. Alternatively, the shorter, 15 year jumbo fixed rate mortgage home loan plans are now being traded at a lending rate of 3.750% and an APR yield of 4.008% today.
The potential customers, who are facing troubles in obtaining conventional home loans due to poor credit score or their inability to pay the heavy down payments, can opt for the FHA backed 30 year fixed rate mortgage loans, which are now being traded at an interest rate of 4.375% and are accompanied by an APR yield of 4.879%. On the other hand, the relatively shorter, 15 year counterparts of the 30 year FHA fixed rate home loan deals can be secured at an interest rate of 4.000% and an APR of 4.565%.
As far as the lending options with more flexible rates of interest are considered, the mortgage shoppers can spot the best 3 year adjustable rate home loans being advertised at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. On the other hand, the more flexible, 5 year adjustable rate home loan options are now up for grabs at a lending 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.