Maintaining its goodwill, the popular American mortgage lender, US Bank Corp (NYSE: USB), decided to keep its benchmark 30 year fixed mortgage interest rates steady despite the current market conditions and economic factors on July 8, 2014. The borrowers, who are willing to secure the ideal home purchase loans from US Bank Corp today, will find no absolute change in the lending rates charged by the bank.
The potential home loan buyers, who are planning on having their expensive home investment financed through US Bank Corp, can lock in the 30 year jumbo fixed rate home loan options at an interest rate of 4.625% and an annual percentage yield of 4.777%. The somewhat shorter and less expensive, 15 year counterparts of the 30 year jumbo fixed rate mortgage schemes are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.
As far as flexible home loan options are concerned, the interested borrowers can spot the best 3 year adjustable rate mortgage schemes being listed at a starting lending rate of 2.250% and carrying an annual return equivalent to 3.261% on the principal amount of home loan secured from the bank. The more flexible, 5 year fixed rate mortgage plans can now be locked in at an interest rate of 2.625% and an APR yield of 3.250% during the starting years of the home loan period.