Connect with us

Current Mortgage Interest Rates Remain Steady at US Bank Corp on July 16, 2014

Current Mortgage Interest Rates Remain Steady at US Bank Corp on July 16, 2014

Business

Current Mortgage Interest Rates Remain Steady at US Bank Corp on July 16, 2014

Current Mortgage Interest Rates Remain Steady at US Bank Corp on July 16, 2014At the American mortgage lender, US Bank Corp (NYSE: USB), benchmark 30 year fixed mortgage interest rates didn’t experience any movement on July 16, 2014, as against the figures published by the bank yesterday. As of now, the qualified home loan seekers can lock in the fixed as well as flexible home loan packages at the same interest rates, without burning a hole in their pocket owing to the increased lending rates.

Today, the standard, long term, 30 year fixed rate mortgage loan offerings are being advertised in the bank’s books at the same interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. In the short term lending section, the 15 year fixed rate mortgage home loan options are highlighted at a lending rate of 3.500% and an annual percentage yield of 3.811%. The interested borrowers can also find the shortest, 10 year fixed rate mortgage home loan plans quoted in the bank’s books at a lending rate of 3.375% and an APR yield of 3.823% this Wednesday.For the potential home buyers, who are looking forward to make a pricey home purchase and have it funded through US Bank Corp, the jumbo variants of the popular 30 year fixed rate mortgage home loan deals would prove to be ideal options at an interest rate of 4.625% and an APR yield of 4.777%. The short term, 15 year jumbo fixed rate mortgage home loans can now be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

The mortgage shoppers, who are facing issues in securing standard home loans due to poor credit score or insufficient funds to deal with expensive down payments, can opt for FHA approved 30 year fixed rate mortgage schemes, which are now advertised at a lending rate of 4.375% and an APR yield of 4.879%. The US based financier also offers the short term, 15 year FHA fixed rate mortgage home loans at a lending rate of 4.000% and an annual return rate of 4.565% today.

When it comes to flexible home loan options, the 3 year adjustable rate mortgage deals can be seen quoted at a starting interest rate of 2.250% and APR yield of 3.261%. The more flexible, 5 year variable home loans are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% to begin with.

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.

More in Business

Good News

To Top