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Mortgage Home Loan Rates Look Firm at US Bank Corp on December 17, 2013

Mortgage Home Loan Rates Look Firm at US Bank Corp on December 17, 2013

Business

Mortgage Home Loan Rates Look Firm at US Bank Corp on December 17, 2013

Mortgage Home Loan Rates Look Firm at US Bank CorpFollowing the trail of several other American mortgage lenders, US Bank Corp (NYSE: USB) made no changes to its benchmark 30 year fixed mortgage interest rates on December 17, 2013. The customers stopping the US Bank Corp today will find their ideal home purchase and refinancing loan packages quoted at the same interest rates as yesterday.

According to the recent mortgage information released by the bank, the standard 30 year fixed rate mortgage loans are still trading at an interest rate of 4.500% today and come along with an annual percentage rate of 4.673%. In the short term lending zone, the customers can acquire the 15 year fixed rate mortgage loans by paying an interest cost of 3.500% and an APR yield of 3.811%. The bank also provides an even shorter, 10 year FRM home loan package to the borrowers willing to bear an interest rate of 3.375% and an APR yield of 3.823%.

For the customers troubled by their poor credit scores of the past or cannot deal with the higher down payment requirements, US Bank Corp provides FHA insured 30 year fixed rate mortgage loans at a rate of 4.375% and an APR yield of 4.879%. On the other hand, the short term, FHA backed 15 year fixed rate mortgage deals can be had at an interest rate of 4.000% and an APR yield of 4.565%.

In the jumbo financing section, the potential home buyers can spot the 30 year fixed rate mortgage loans quoted at a rate of 4.625% and carrying an APR yield of 4.777%. Alternatively, for the borrowers interested in taking the shorter route, the bank offers 15 year jumbo FRM loans at a rate of 3.750% and APR yield of 4.008%.

The interested mortgagors can also find the VA variants of the 30 year fixed rate mortgage loans published in the bank’s books against a lending charge of 4.500% and being accompanied by an APR yield of 4.846%. The short term, 15 year VA versions of the fixed rate mortgage deals can be had by bearing an interest burden of 4.000% and an APR income of 4.721% today.

As far as the adjustable rate mortgage home loans are concerned, the potential home buyers will have to loosen up their pockets by an interest cost of 2.250% for acquiring 3 year deals and enjoying an APR yield of 3.261%. However, those who want more flexible rates of interests, the 5 year ARM deals would be an ideal pick at an interest rate of 2.625% and an APR yield of 3.255%.

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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