Staying focused on its usual course, the popular American lender, US Bank Corp (NYSE: USB), chose to keep its benchmark 30 year fixed mortgage interest rates firm on June 3, 2014. As per the new mortgage data made available by the bank to its customers, the fixed and flexible home loan deals are now coming out at the same interest price as yesterday, and probably the entire last week.
With regards to the standard, long term home loan offerings, 30 year fixed rate mortgage home loans are now listed at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673% this Tuesday. The relatively shorter, 15 year fixed rate mortgage home loans are now tagged with an interest price of 3.500% and are carrying an ARP yield of 3.811%. The shortest, 10 year fixed rate home loan options, can also be found published in the bank’s books at an interest rate of 3.375% and an annual return rate of 3.823% today.The mortgage shoppers, who are unable to secure conventional home loans due to poor credit score or their inability to deal with heavy down payments, can consider securing the FHA approved 30 year fixed rate mortgage home loans, which are now being traded at an interest cost of 4.375% and an annual return rate of 4.879%. The shorter, 15 year counterparts of the 30 year FHA insured fixed rate mortgage home loans are now up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.
For the potential home buyers, who are planning on securing ideal financing options for their expensive realty investments, US Bank Corp offers jumbo versions of its best 30 year fixed rate mortgage deals at a lending rate of 4.625% and an annual percentage return of 4.777%. In the short term lending section, 15 year jumbo fixed rate home loan options are now published at an interest rate of 3.750% and an annual percentage yield of 4.008% for today.
When it comes to more flexible lending options, the 3 year adjustable rate home loan plans can be seen published against a lending rate of 2.250% today and an annual return rate of 3.261% to start with. The more flexible, 5 year flexible rate mortgage packages are now up for grabs at a starting interest rate of 2.625% and an annual percentage yield of 3.250% this Tuesday.
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.