Connect with us

Daily Summary of Mortgage Rates at US Bank Corp on August 7, 2014

Daily Summary of Mortgage Rates at US Bank Corp on August 7, 2014

Business

Daily Summary of Mortgage Rates at US Bank Corp on August 7, 2014

Daily Summary of Mortgage Rates at US Bank Corp on August 7, 2014This Thursday, mortgage shoppers, who plan on securing ideal home purchase or refinancing loans from US Bank Corp (NYSE: USB) will find no immediate change in the mortgage interest rates. According to the most recent mortgage information published by the bank on August 7, 2014, the ideal home loan deals are now traded at the same interest rates as yesterday.

To begin with, in the standard, long term home financing division, the 30 year fixed rate mortgage home loan plans are coming out at an interest rate of 4.500% and are accompanied by an APR yield of 4.673%. The relatively shorter, 15 year fixed rate mortgage home loan deals are now traded at a lending rate of 3.500% and an APR yield of 3.811% today. The interested borrowers can also find the shortest, 10 year fixed rate mortgage plans published in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823%.

For the borrowers, who are facing problem in securing conventional home loans owing to their poor credit score or inability to service expensive down payments, the bank offers its FHA insured 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879%. For the seekers of short term home loans, 15 year FHA fixed rate mortgage options would be perfect options at an interest rate of 4.000% and an APR yield of 4.565% today.

In the special lending division, the borrowers can find jumbo versions of the popular 30 year fixed rate mortgage deals being published at a lending rate of 4.625% and an annual return rate of 4.777% to fund their expensive realty investments. In the short term lending section, 15 year fixed rate mortgage home loan schemes can be seen listed next to an interest rate of 3.750% and an annual percentage yield of 4.008%.

For the borrowers, who are planning interested in flexible financing options, the bank now offers its 3 year adjustable rate mortgage loans at a starting interest rate of 2.250% and an APR yield of 3.261% on the principal amount of home loan secured from the bank. The mortgage shoppers, who are willing to acquire more flexible home loan deals, can now lock in 5 year adjustable rate mortgage options by bearing an interest rate of 2.625% and enjoying an APR yield of 3.250% during the initial years of the home loan tenure.

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.

More in Business

Good News

To Top