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Current Mortgage Interest Rates at US Bank Corp on May 29, 2014

Current Mortgage Interest Rates at US Bank Corp on May 29, 2014

Business

Current Mortgage Interest Rates at US Bank Corp on May 29, 2014

Current Mortgage Interest Rates at US Bank Corp on May 29, 2014Following its usual pricing approach, the popular mortgage lender, US Bank Corp (NYSE:USB), decided to publish same benchmark 30 year fixed mortgage interest rates on May 29, 2014. In the recent mortgage charts released by the bank today, the interested customers, who plan on funding their new home purchase through US Bank Corp, can find the fixed and flexible home loan deals being traded at the same interest rates as yesterday.

This Thursday, the standard, long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. In the relatively shorter home loan section, 15 year fixed rate mortgage home loan options can be seen listed at an interest rate of 3.500% and an APR yield of 3.811% today. The interested borrowers can also spot the shortest, 10 year fixed rate mortgage deals coming out at an interest price of 3.375% and carrying an APR yield of 3.823% today.

The customers, who are facing difficulties owing to their poor credit score, or cannot deal with the heavy down payment requirements of the lenders, can opt for the FHA insured 30 year fixed rate mortgage home loan deals, which are now available at a lending cost of 4.375% and are accompanied by an APR yield of 4.879%. However, the shorter, 15 year FHA fixed rate mortgage home loan plans are now coming out at an interest rate of 4.000% and an APR yield of 4.565% today.

The potential home buyers, who are seeking perfect funding options for their expensive home investment, can shop for the ideal 30 year jumbo fixed rate home loan options, which are currently advertised at an interest rate of 4.625% and are carrying an APR yield of 4.777% today. In the short term lending section, 15 year counterparts of the 30 year jumbo fixed rate mortgage options are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.

As far as the flexible home loan options are considered, the borrowers can spot the best 3 year adjustable rate mortgage packages being published at a starting lending rate of 2.250% and an annual return of 3.261% to start with. In the more flexible home loan section, 5 year fixed rate mortgage plans can be locked in at an interest 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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