The popular American mortgage lender, US Bank Corp (NYSE: USB), released its updated mortgage information on June 23, 2014, which highlighted no change in the benchmark 30 year fixed mortgage interest rates. The interested borrowers, who are planning on financing their realty investments through ideal home loan deals from US Bank Corp, will find no change in the fixed as well as flexible interest rates today.
For the customers, who are troubled while securing conventional home loans due to their poor credit score, or inability to deal with the expensive down payments, the bank offers its FHA backed 30 fixed rate mortgage home loan options at an interest rate of 4.375% and an APR yield of 4.879% today. The short term, 15 year variants of the 30 year FHA insured fixed rate home loans are now coming out in at a lending rate of 4.000% and an APR yield of 4.565%.
When it comes to the adjustable rate mortgage home loan options, the potential home loan seekers can opt for the best 3 year variable rate mortgage deals by bearing an interest rate of 2.250% and are agreeing to an annual return rate of 3.261% to start with. In the more flexible financing section, the 5 year adjustable rate mortgage home loans can be seen coming out at an interest rate of 2.625% and an APR yield of 3.250% on the principal amount of loan secured from the bank.