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Mortgage Interest Rates are Holding Steady at US Bank Corp on April 25, 2014

Mortgage Interest Rates are Holding Steady at US Bank Corp on April 25, 2014

Business

Mortgage Interest Rates are Holding Steady at US Bank Corp on April 25, 2014

Mortgage Interest Rates are Holding Steady at US Bank Corp on April 25, 2014This Friday did not bring along any pleasant or unpleasant surprise for the home buyers, who are planning on having their new home purchase or refinancing needs taken care by US Bank Corp (NYSE: USB) on April 25, 2014. Today, the bank made no change to its benchmark 30 year fixed mortgage interest rates, thereby continuing to trade its ideal home loans at the same interest rates as yesterday and making no difference to the demand of its loan products in the market.

As of now, the standard, long term, 30 year fixed rate mortgage home loans are coming out at the same interest rate of 4.500% and carrying an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals can be locked in at an interest rate of 3.500% and an APR yield of 3.811% today. The mortgage shoppers can also spot the shortest, 10 year fixed rate mortgage deals being published in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823% today.For the mortgage shoppers, who are seeking ideal finances to back their expensive home investment, US Bank Corp offers jumbo versions of its popular 30 year fixed rate mortgage home loans at an interest rate of 4.625% and an APR yield of 4.777%. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 3.750% and an APR yield of 4.008% this Friday.

The potential home buyers, who are finding it hard to secure standard home loan due to their bad credit rating, or insufficient funds for dealing with the heavy down payment requirements, can reap the benefits of FHA insured 30 year fixed rate mortgage home loan schemes, which are now coming out at a lending rate of 4.375% and an APR yield of 4.879%. On the contrary, the 15 year FHA fixed rate mortgage home loan plans are up for grabs at an interest rate of 4.000% and an APR yield of 4.565% today.

As far as the adjustable rate mortgage options are considered, the bank now offering its best, 3 year home loan deals, at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans are being traded at an interest rate of 2.625% and an annual return rate 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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