US Bank Corp (NYSE: USB) one of the top mortgage lenders in the American financial sector in terms of customer satisfaction, has been long known for its distinctive ability to control its benchmark 30 year fixed mortgage rates from fluctuating frequently. This Thursday, the lender managed to do the same and kept its new home purchase and refinancing home loan rates unchanged for the potential customers.
On the basis of the information provided in the latest mortgage charts published by the bank online, the best 30 year fixed rate mortgage loans can be seen coming out at an interest rate of 4.500% and yielding an APR of 4.673%. Alternatively, the relatively shorter, 15 year fixed rate mortgage deals can be seen quoted at a rate of 3.500% and accompanied by an APR yield of 3.811%. In the exclusive lending category, the bank publishes the shortest, 10 year FRM home loans at an interest rate of 3.375% and an APR yield of 3.823%.
Sometimes the borrowers cannot take the advantage of normal home loans because of the heavy down payments involved or due to their poor credit score of the past. US Bank Corp understands the plight of such customers and offers the FHA approved 30 year fixed rate mortgage deals at an interest rate of 4.375% and an APR yield of 4.879%. Likewise, the short term, 15 year FHA backed FRM deals can be obtained by bearing an interest cost of 4.000% and an APR yield of 4.565%.
For the borrowers who want to finance their grander dreams, the bank offers jumbo 30 year fixed rate mortgage loans at a rate of 4.625%, which yield a somewhat higher APR of 4.777% as compared to the conventional bank loans. The short tenure, 15 year jumbo fixed rate mortgage deals can be obtained at an interest charge of 3.750% and an APR return of 4.008% today.
US Bank Corp also provides VA versions of the 30 year fixed rate mortgage loans at an interest rate of 4.500%, which come along with an APR yield of 4.846%. In the short term financing arena, the bank publishes its 15 year VA FRM deals against a lending charge of 4.000% and an APR yield 4.721%.
When it comes to obtaining home loans at variable rates of interests, the customers can find 3 year adjustable rate mortgage loans an ideal pick at a rate of 2.250% and an APR yield of 3.261%. The more flexible, 5 year ARM options can be had by bearing an interest payment of 2.625% and an APR income of 3.250% during the early years of the loan period.
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.