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Mortgage Interest Rates are Holding Firm at US Bank Corp on August 8, 2014

Mortgage Interest Rates are Holding Firm at US Bank Corp on August 8, 2014

Business

Mortgage Interest Rates are Holding Firm at US Bank Corp on August 8, 2014

Mortgage Interest Rates are Holding Firm at US Bank Corp on August 8, 2014Known for its firm pricing policies, the popular American lender, US Bank Corp (NYSE: USB) decided to move along the same lines and quoted no change to its benchmark 30 year fixed mortgage interest rates on August 8, 2014. This Friday, the borrowers who are looking forward to fund their new realty investment from US Bank Corp, can find the ideal home purchase loans coming out at same lending rates as yesterday.

At present, the standard, long term, 30 year fixed rate mortgage home loan packages are being advertised in the bank’s books at an interest rate of 4.500% and are carrying an annual percentage rate of 4.673%. For the borrowers, who are planning on heading down a shorter route to fund their home purchase, the bank offers 15 year fixed rate mortgage loans at an interest rate of 3.500% and an APR yield of 3.811% today. The potential home buyers can also spot the shortest, 10 year fixed rate mortgage home loans, being listed in the loan portfolio against an interest rate of 3.375% and an APR yield of 3.823% this Friday.

For the borrowers, who are facing issues while securing conventional home loan deals due to the poor credit score or the inability to deal with expensive down payments, the mortgage lender offers its FHA backed 30 year fixed rate mortgage plans at a lending cost of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate home loan packages are up for grabs at an interest rate of 4.000% and an APR yield of 4.565% today.

In the exclusive home loan section, jumbo versions of the popular 30 year fixed rate mortgage options can be seen listed against an interest charge of 4.625% and an APR yield of 4.777% today. Under the short term home loan category section, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans are coming out at an interest rate of 3.750 % and an APR yield of 4.008%.

When it comes to flexible home loan deals, the interested borrowers can find the 3 year adjustable rate mortgage home loan packages being traded at an interest rate of 2.250% and an APR yield of 3.261% during the initial years of the home loan period. The more flexible, 5 year adjustable rate mortgage deals can be locked in at a starting interest rate 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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