Following the footsteps of the other mortgage lenders, while sticking to its usual pricing policy, US Bank Corp (NYSE: USB) did not make any attempts on impressing or depressing the potential home buyers by publishing the same benchmark 30 year fixed mortgage interest rates on April 7, 2014. Today, the bank is offering its usual fixed and flexible home loan deals at the same interest rates as towards the end of the previous week, thereby maintaining a stable demand-sales percentage of its loan products in the market.
As per the most up to date mortgage information made available by the bank, the standard, long term, 30 year fixed rate mortgage home loans are still being traded at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. On the other hand, for the borrowers, interested in acquiring short term packages, the bank offers its 15 year fixed rate mortgage deals at an interest rate of 3.500% and an annual percentage yield of 3.811% this Monday.
The customers, who are haunted by their poor credit scores of the past, or are facing difficulties in servicing the hefty down payment as demanded for the conventional home loan deals, can go for the FHA insured 30 year fixed rate mortgage home loans, which are now coming out at an interest rate of 4.375% and are carrying an APR yield of 4.879%. Alternatively, the shorter, 15 year FHA fixed rate mortgage deals can be secured at an interest rate of 4.000% and an APR yield of 4.565% today.
For the potential home buyers, who are seeking ideal finances for their pricey realty investment, US Bank Corp offers its best 30 year jumbo fixed rate home loan plans at an interest rate of 4.625% and an annual return rate of 4.777%. On the other hand, the relatively shorter, 15 year jumbo fixed rate mortgage loan deals are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008%.
As far as the flexible home loan options are considered, the interested borrowers can spot the best 3 year adjustable rate mortgage deals being traded at a starting interest rate of 2.250% and yielding an annual return equivalent to 3.261% during the starting years of the home loan tenure. However, the more flexible, 5 year variable rate home loan schemes can be locked in at an interest cost of 2.625% and an APR yield of 3.250% on the principal amount of home loan sanctioned by 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.