This Tuesday, at the popular mortgage lender, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates registered no pleasant or unpleasant changes. The potential home buyers, who are planning on securing ideal finances to fund their realty investment through US Bank Corp, will find no change in the fixed and flexible interest rates on August 19, 2014, which certainly makes USB loan packages more popular and competitive in the market.
Today, in the long term lending section, the standard, 30 year fixed rate mortgage home loan schemes are being advertised at an interest rate of 4.500% and an annual percentage rate of 4.673%. The relatively shorter, 15 year fixed rate mortgage home loans are now coming out at an interest rate of 3.500% and are backed by an APR yield of 3.811% today. The borrowers can also find the best 10 year fixed rate mortgage deals being quoted against a lending rate of 3.375% and carrying an APR yield of 3.823%.
The borrowers, who require larger finances for investing in their expensive home dreams, can now secure jumbo versions of the popular 30 year fixed rate mortgage home loan options at an interest rate of 4.625% and an APR yield of 4.777%. In the short term home lending division, the 15 year counterparts of the 30 year jumbo fixed rate mortgage plans are now being listed at a lending rate of 3.750% and an annual percentage yield of 4.008% this Tuesday.
The potential home buyers, who are finding it difficult to secure conventional home loans due to their poor credit score of the past or inability to deal with heavy down payments, can now opt for the FHA backed 30 year fixed rate mortgage home loans, which are now traded an interest rate of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate mortgage loans can now be locked in at an interest rate of 4.000% and an APR yield of 4.565%.
Under the flexible home loan category, the mortgage lender now offers the 3 year adjustable rate mortgage home loan deals at an interest rate of 2.250% and an annual percentage rate of 3.261% to start with. The more flexible, 7 year adjustable mortgage home loan deals are now coming out at a starting interest rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan secured from the bank.
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.