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Mortgage Interest Rates are Holding Steady at US Bank Corp on August 18, 2014

Mortgage Interest Rates are Holding Steady at US Bank Corp on August 18, 2014

Business

Mortgage Interest Rates are Holding Steady at US Bank Corp on August 18, 2014

Mortgage Interest Rates are Holding Steady at US Bank Corp on August 18, 2014Deciding to row along the same steady stream, the popular American mortgage provider, US Bank Corp (NYSE: USB), published unchanged benchmark 30 year fixed mortgage interest rates on August 18, 2014. As per the most recent mortgage information released by the bank today, the standard fixed and flexible home loan deals can be seen traded at the same interest rates as last week.

This Monday, the standard, long term, 30 year fixed rate long term home loans are being traded by the bank at an interest rate of 4.500% and an annual percentage rate of 4.673%. For the potential home buyers, who are willing to take a shorter route to finance their home, the bank currently offers the popular, 15 year fixed rate mortgage plans at an interest rate of 3.500% and an APR yield of 3.811% today. The interested borrowers can also spot the shortest, 10 year fixed rate mortgage deals being traded at an interest rate of 3.375% and an APR yield of 3.823% today.

For the mortgage shoppers, who are planning on acquiring ideal packages to back their expensive home investment plans, the bank offers jumbo variants of its ideal 30 year fixed rate mortgage plans at an interest rate of 4.625% and an APR yield of 4.777% today. The relatively shorter, 15 year counterparts of 30 year jumbo fixed rate mortgage home loan options can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

The mortgage shoppers, who are unable to secure conventional home loans owing to their poor credit history or the inability to deal with expensive down payment conditions, can opt for the FHA insured 30 year fixed rate mortgage home loans, which are now being traded at an interest rate of 4.375% and an APR yield of 4.879% today. In the short term section, the customers can spot the 15 year FHA fixed rate mortgage home loans being published next to an interest rate of 4.000% and an APR yield of 4.565%.

When it comes to adjustable rate mortgage deals, the interested customers can go for the best 3 year variable rate packages, which are now coming out at a starting interest rate of 2.250% and an APR yield of 3.261% to start with. The more flexible, 5 year adjustable rate mortgage home loans can be secured at a starting interest cost of 2.625% and an APR yield of 3.250% during the initial years of the home loan.

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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