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Current Mortgage Rates Summary at US Bank Corp (January 22, 2014)

Current Mortgage Rates Summary at US Bank Corp (January 22, 2014)

Business

Current Mortgage Rates Summary at US Bank Corp (January 22, 2014)

Current Mortgage Rates Summary at US Bank Corp January 22 2014US Bank Corp (NYSE: USB) did not make any change to the interest rates at which its home purchase loans are coming out on January 22, 2014. The bank today made no absolute change to its benchmark 30 year fixed mortgage interest rates, thereby not affecting the overall demand of its loan products in the market.

As of now, the customers can find the long term, 30 year standard fixed rate mortgage deals coming out at an interest cost of 4.500% and carrying an annual percentage rate of 4.673%. In the short term lending section, the bank publishes its 15 year fixed rate mortgage plans at an interest rate of 3.500% and an APR yield of 3.811%. The potential customers can also find the shortest, 10 year fixed rate mortgage home loan plans being traded at an interest price of 3.375% and an APR yield of 3.823%.

The customers haunted by the poor credit score of the past or the ones finding it difficult to pay the heavy down payments for acquiring conventional home loans, can reap the benefits of FHA backed 30 year fixed rate mortgage home loans, which are now available at an interest rate of 4.375% and an APR yield of 4.879%. However, the relatively shorter, 15 year FHA FRM loans are up for grabs at an interest rate of 4.000% and an APR yield of 4.565% today.

The borrowers, who are looking forward to obtain more finances for dealing with their expensive home purchase, can go for the best 30 year jumbo fixed rate home loan options by bearing an interest burden of 4.625% and enjoying an APR yield of 4.846%. However, the shorter, 15 year jumbo fixed rate mortgage deals can be had at an interest cost of 3.750% and an APR yield of 4.008%.

The VA versions of 30 year FRM home loan plans are now coming out at an interest price of 4.500% and are backed by an annual return of 4.846%. However, the short term, 15 year VA fixed rate mortgage deals can be had at a lending rate of 4.000% and an APR yield of 4.721%.

When it comes to adjustable rate mortgage loans, the best 3 year deals are available at US Bank Corp at a starting interest rate of 2.250% and an APR yield of 3.261%. However, the more flexible 5 year adjustable rate home loans can be had at a 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.

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