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Current US Bank Corp’s Mortgage Interest Rates on May 13, 2014

Current US Bank Corp’s Mortgage Interest Rates on May 13, 2014

Business

Current US Bank Corp’s Mortgage Interest Rates on May 13, 2014

Current US Bank Corp's Mortgage Interest Rates on May 13, 2014At the popular mortgage lender, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates are holding firm on May 13, 2014. The customers, who are looking forward to finance or refinance their realty investment through US Bank Corp today, will find the ideal fixed and flexible home loan deals, being traded at the same interest rates as yesterday.

To start with, the standard, long term, 30 year fixed rate mortgage home loan deals are now coming out at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. In the relatively shorter mortgage section, the 15 year fixed rate mortgage home loan schemes stand listed at an interest rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan packages can also be found quoted in the loan portfolio at an interest rate of 3.375% and an annual percentage return of 3.823%.For the potential home buyers, who find it difficult to secure conventional home loans owing to their poor credit score of the past or the inability to service expensive down payment requirements, the bank is now offering the FHA approved 30 year fixed rate mortgage home loan deals at an interest rate of 4.375% and an APR yield of 4.879%. In the relatively shorter lending section, 15 year FHA backed fixed rate mortgage deals are published at an interest rate of 4.000% and an APR of 4.565% today.

In the jumbo home financing arena, the bank offers its popular 30 year fixed rate mortgage home loan deals at an interest rate of 4.625% and an APR yield of 4.777% for the borrowers with expensive realty financing needs. The borrowers, who are planning on securing short term deals, can opt for the 15 year jumbo mortgage home loans, which are now priced at an interest rate of 3.750% and are backed by an APR yield of 4.008% today.

Heading towards the adjustable rate mortgage loans section, the 3 year variable rate home loans can be seen published at an interest rate of 2.250% and an APR yield of 3.261% during the initial years of the home loan tenure. The 5 year adjustable rate mortgage home loans are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% on the starting 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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