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Mortgage Home Loan Rates Show No Movement at US Bank Corp on December 30, 2013

Mortgage Home Loan Rates Show No Movement at US Bank Corp on December 30, 2013

Business

Mortgage Home Loan Rates Show No Movement at US Bank Corp on December 30, 2013

Mortgage Home Loan Rates Show No Movement at US Bank Corp on December 30 2013As the year is heading towards its end, the mortgage lenders operating in the US market are taking every possible step to attract more mortgage customers by publishing lower, or at least, steady mortgage interest rates. This Monday did not bring along any unpleasant surprise for the potential borrowers as US Bank Corp (NYSE: USB) published unchanged benchmark 30 year fixed mortgage interest rates in its loan portfolio.

As per the new mortgage data released by the bank, the customers can acquire the best 30 year fixed rate mortgage home loans at a rate of 4.500% and enjoy an APR yield of 4.673% today. However, for the seekers of short term financing options, the bank offers 15 year fixed rate mortgage home loans at an interest rate of 3.500% and an APR yield of 3.811%. The customers can also find the 10 year fixed rate mortgage loans listed in bank’s loan books at a rate of 3.375% and carrying an APR yield of 3.823% today.

For the borrowers with bigger home investments, US Bank Corp provides best 30 year jumbo fixed rate mortgage loans at a lending rate of 4.625% and an APR yield of 4.777%. However, the relatively shorter, the 15 year jumbo fixed rate mortgage home loans can be had by paying an interest cost of 3.750% and enjoying an APR yield of 4.008% today.

The troubled customers, who have a poor credit score or are unable to make the heavy down payments, can go for the FHA approved 30 year fixed rate mortgage loans that carry an interest charge of 4.375% and come along with an annual return of 4.846%. Alternatively, the 15 year FHA insured fixed rate mortgage packages can be had at an interest cost of 4.000% and an APR yield of 4.565%.

The customers can today find the VA variants of the 30 year fixed rate mortgage loans published at a rate of 4.500% and an APR yield of 4.846%. The short term, 15 year, counterpart of the 30 year VA FRM loans are up for grabs at an interest charge of 4.000% and yield an annual return of 4.721%.

As far as the adjustable rate mortgage home loans are considered, the potential home buyers can find the ideal 3 year deals quoted at an interest price of 2.250% and an APR yield of 3.261%. However, the more flexible, 5 year adjustable rate mortgage packages are coming out at a starting rate of 2.625% and an APR yield of 3.250% today.

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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