Following its same pricing approach, the popular American financier, US Bank Corp (NYSE: USB) chose to quote unchanged benchmark 30 year fixed mortgage interest rates on August 5, 2014. The borrowers, who are planning on visiting local branches of US Bank Corp today, will find no absolute change in the lending rates at which ideal home purchase and refinancing deals are traded today.
Today, the standard, long term, 30 year fixed rate mortgage home loans are advertised at the same interest rate of 4.500% and an annual percentage rate of 4.673%. For the borrowers, who are willing secure short term home loans, bank offers 15 year fixed rate mortgage options at an interest rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage options are also quoted in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823% today.
The potential home buyers with expensive realty investment needs can now opt for the 30 year jumbo fixed rate mortgage home loan plans, which are currently traded at an interest rate of 4.625% and an APR yield of 4.777% this Tuesday. The comparatively shorter, 15 year jumbo fixed rate mortgage home loans are now listed at an interest rate of 3.750% and an APR yield of 4.008% today.
For the customers, who are troubled by their poor credit score, or inability to service heavy down payment conditions when it comes to securing conventional home loans, the bank offers its 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 counterparts of the 30 year FHA backed fixed rate home loan deals can now be locked in at an interest price of 4.000% and an APR yield of 4.565%.
As far as flexible home loan options are concerned, the interested borrowers can now find the best 3 year adjustable rate mortgage schemes being traded at a starting lending rate of 2.250% and carrying an annual return equivalent to 3.261% on the principal amount of home loan secured from the bank. The more flexible, 5 year fixed rate mortgage plans are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% during the initial years of the home loan period.
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.