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Current Mortgage Rates Summary at US Bank Corp on July 8, 2014

Current Mortgage Rates Summary at US Bank Corp on July 8, 2014

Business

Current Mortgage Rates Summary at US Bank Corp on July 8, 2014

Current Mortgage Rates Summary at US Bank Corp on July 8, 2014Maintaining 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.

As of now, the bank is charging an interest rate of 4.500% from, and providing an annual percentage rate of 4.673% to, the borrowers, who are willing to lock in the standard, long term, 30 year fixed rate mortgage home loans today. From the borrowers interested in short term, 15 year fixed rate mortgage home loan, the bank charges an interest cost of 3.500% and offers an annual return rate of 3.811% today. The shortest, 10 year fixed rate mortgage deals can also be seen listed in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823% this Tuesday.The Federal Housing Administration insured 30 year fixed rate mortgages are also available for the borrowers troubled by their poor credit score, at a lending rate of 4.375% and an APR yield of 4.879% today. The FHA versions of relatively shorter, 15 year fixed rate mortgage home loans packages can now be secured at an interest rate of 4.000% and an APR yield of 4.565% this Tuesday.

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.

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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