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Daily Mortgage Rates Summary at US Bank Corp – May 21, 2014

Daily Mortgage Rates Summary at US Bank Corp – May 21, 2014

Business

Daily Mortgage Rates Summary at US Bank Corp – May 21, 2014

Daily Mortgage Rates Summary at US Bank Corp - May 21, 2014Popular among the borrowers for its stable pricing policy, US Bank Corp (NYSE: USB) did manage to stroll along steady lines and quote unchanged benchmark 30 year fixed mortgage interest rates on May 21, 2014. This Wednesday, the interested borrowers can find the ideal fixed as well as flexible home loan plans being traded at the same interest rates as yesterday, thereby not burdening their pocket with a sudden rise in lending rates.

To start with, in the long term home financing section, the potential home buyers can find the standard 30 year fixed rate mortgage home loans being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673% this Wednesday. Likewise, the short term, 15 year fixed rate mortgage home loans are being traded at the same interest rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage packages can also be seen quoted in the bank’s loan books at a lending rate of 3.375% and an APR yield of 3.823%.For the borrowers, who are seeking ideal finances for funding their expensive home investments, the bank is offering 30 year jumbo fixed rate mortgage home loan deals are at a lending rate of 4.625% and an annual percentage rate of 4.777%, which is certainly higher than what is offered by the conventional home loans. In the short term home loan section, the potential home buyers can find the 15 year jumbo fixed rate mortgage deals being listed at an interest rate of 3.750% and an APR yield of 4.008%.

The mortgage shoppers, who are troubled  by their poor credit score of the past or are unable to meet heavy down payment requirements, can reap the benefits of FHA insured 30 year fixed rate mortgage home loan packages, which are now advertised at a lending rate of 4.375% and an carrying an APR yield of 4.879%. The short term, 15 year FHA fixed rate mortgage home loan deals are now up for grabs at an interest cost of 4.000% and an APR yield of 4.565% this Wednesday.

In the flexible home loan section, the bank is currently offering its 3 year adjustable rate mortgage home loan options at a starting interest rate of 2.250% and an APR yield of 3.261%. For the seekers of more flexible lending rates, 5 year adjustable rate mortgage deals would be an ideal pick at an interest rate of 2.625% and an APR yield of 3.250% today.

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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