This Monday, at the popular American mortgage lender, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates remained still and did not bring about any change in the demand of USB home loans in the market. As per the most up to date mortgage information provided by the lender on May 19, 2014, the standard fixed as well as flexible home loan deals can be seen coming out at the same interest rate as towards the end of the last week.
The mortgage shoppers, who face issues in securing conventional home loan deals owing to their poor credit score of the past or inability to deal with expensive down payments, can opt for the 30 year, FHA backed, fixed rate mortgage home loans, which are now advertised at an interest rate of 4.375% and are offering an APR yield of 4.879% this Monday. The relatively shorter, 15 year FHA fixed rate home loan deals are now up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.
In the exclusive home loan division, the bank is now offering its best, 30 year jumbo fixed rate mortgage home loans packages at an interest rate of 4.625% and an annual return of 4.777% for the borrowers with expensive home financing needs. The short term, 15 year jumbo fixed rate mortgage home loans deals can now be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.
The borrowers, who are planning on securing ideal home loans at variable interest rates, can find the ideal 3 year adjustable rate mortgage home loan options being traded at an interest of 2.250% today and an annual return rate of 3.261% to begin with. The more flexible, 5 year adjustable rate home loan deals are up for grabs at an interest cost of 2.625% and an APR yield of 3.250% on the principal amount of home loan taken from the bank.