This Tuesday did not bring along any unpleasant or pleasant surprise for the potential home buyers, who are looking forward to obtain ideal fixed and flexible home loans from US Bank Corp (NYSE: USB). As per the new mortgage information made available for the customers on February 11, 2014, the benchmark 30 year fixed mortgage interest rates are standing still at the same position as yesterday, thereby not affecting the overall demand of the bank’s loan products in the market.
Today, the standard, 30 year fixed rate long term home loan deals are coming out at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. However, the relatively shorter, 15 year fixed rate mortgage deals can be secured by bearing an interest cost of 3.500% and an APR yield of 3.811% today. The customers can also find the shortest, 10 year fixed rate mortgage home loans being traded at an interest cost of 3.375% and an APR yield of 3.823%.
The mortgage shoppers, who are finding it difficult to lock in a conventional home loan due to their poor credit score of the past or inability to deal with the heavy down payment conditions of other mortgage lenders, can go for the 30 year FHA fixed rate mortgage home loans, which are now published at an interest rate of 4.375% and an APR yield of 4.879% today. However, the relatively shorter, 15 year FHA fixed rate home loan deals can be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.
In the expensive home loan division, the bank is now offering its best, 30 year jumbo fixed rate mortgage home loans, for the borrowers with huge financing needs, at an interest rate of 4.625% and an annual return of 4.777%, which is certainly higher than the non-jumbo home loans. The short term, 15 year jumbo FRM home loans are up for grabs at an interest rate of 3.750% and an APR yield of 4.008%.
The borrowers, who are looking forward to enjoy variable home loan interest rates, can find the ideal 3 year adjustable rate mortgage packages being published next to a lending charge of 2.250% today and carrying an annual return of 3.261% to begin with. However, the more flexible, 5 year adjustable rate home loan deals can be obtained at an interest cost of 2.625% and an APR yield of 3.250% on the initial amount of loan taken 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.