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Mortgage Home Loan Rates Remain Steady at US Bank Corp (December 4, 2013)

Mortgage Home Loan Rates Remain Steady at US Bank Corp (December 4, 2013)

Business

Mortgage Home Loan Rates Remain Steady at US Bank Corp (December 4, 2013)

Mortgage Home Loan Rates Remain Steady at US Bank CorpWhen most of the top US mortgage lenders are quoting reduced or increased interest rates at the beginning of the new month, US Bank Corp (NYSE: USB) decided to keeps its standard 30 year fixed mortgage interest rates unchanged on December 4, 2013. Today, the borrowers can see the fresh home purchase and refinancing loan options listed at the same interest rates as yesterday.

As of now, the 30 year fixed rate mortgage home loans stand listed at an interest cost of 4.500% and come along with an APR yield of 4.673%. In the short term category, the bank lists 15 year fixed rate mortgage loans at an interest rate of 3.500% and an APR yield of 3.811% today. For the interested borrowers, an even shorter, 10 year version of the FRM loans is published in the bank’s portfolio and can be acquired at a rate of 3.375%, along with an APR of 3.823%.

The potential home buyers can also find Jumbo financing options in the loan books of the bank. Today, the 30 year Jumbo FRM deals are coming out at an interest cost of 4.625% and are backed by an APR yield of 4.777%. For the borrowers interested in going for the short term options, the bank lists its 15 year jumbo fixed rate mortgage loans at an interest charge of 3.750% and yield an APR of 4.008%.

Sometimes, the customers face troubles in obtaining home loans due to poor credit score in the past or they are unable to pay the heavy down payment. For such troubled home buyers, US Bank Corp provides FHA backed 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879%. On the other hand, the 15 year FHA FRM deals can be obtained by bearing a rate of interest equivalent to 4.000%, along with an APR of 4.565%.

In the unique category, the customers can find VA versions of 30 year FRM options listed at an interest price of 4.500% and an APR yield of 4.846%. On the other hand, the short term, 15 year VA variants of fixed rate mortgage loans come listed at a rate of 4.000% and an APR yield of 4.721%.

Heading towards the ARM wing, the borrowers can have 3 year adjustable rate mortgage loans listed at an interest rate of 2.250% and an APR yield of 3.261%. However, the more flexible, 5 year ARM loans can be had by dealing with a lending rate of 2.625%, which is accompanied by an APR yield of 3.250%.

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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