Known for its stable pricing policy, US Bank Corp (NYSE: USB) proved its worth by publishing same benchmark 30 year fixed mortgage interest rates on May 9, 2014. As of now, the interested mortgage shoppers can find the ideal fixed as well as flexible home loan packages being traded at the same interest rates as yesterday, thereby making no change to the overall loan demand of USB home loan in the market.
This Friday, 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 short term lending section, 15 year fixed rate mortgage home loans can be secured by bearing an interest cost of 3.500% and agreeing to an APR yield of 3.811%. The interested home loan seekers can also opt for the shortest, 10 year fixed rate mortgage home loan plans, which are now traded at an interest rate of 3.375% and an APR yield of 3.823% this Friday.
The potential home buyers, who are facing issues in securing standard home loans due to their poor credit scores of their past, or are inability to service heavy down payments, can benefit from the FHA backed 30 year fixed rate mortgage loans, which are now available at a lending rate of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate mortgage home loans are now up for grabs at an interest rate of 4.000% and an annual return rate of 4.565% today.
In the jumbo financing section, the bank is now offering its popular 30 year fixed rate mortgage home loan deals against an interest rate of 4.625% and an APR yield of 4.777%. The borrowers who want to board a shorter route to finance their expensive home purchase can opt for 15 year jumbo mortgage home loans, which are now listed at an interest price of 3.750% and are backed by an APR yield of 4.008% this Friday.
When it comes to adjustable rate mortgage home loans section, the potential borrowers can find the best 3 year home loan offerings coming out at a starting interest rate of 2.250% and an APR yield of 3.261%. The more flexible, 7 year adjustable rate mortgage home loan packages, are also up for grabs at a starting interest rate of 2.625% and an APR yield of 3.250%.