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Mortgage Interest Rates are Standing Still at US Bank Corp on May 22, 2014

Mortgage Interest Rates are Standing Still at US Bank Corp on May 22, 2014

Business

Mortgage Interest Rates are Standing Still at US Bank Corp on May 22, 2014

Mortgage Interest Rates are Standing Still at US Bank Corp on May 22, 2014According to the most recent mortgage information made available to the customers, the popular American mortgage lender, US Bank Corp (NYSE: USB) kept its benchmark 30 year fixed mortgage interest rate firm on May 22, 2014. The mortgage shoppers, who are planning on stopping by the local branches of US Bank Corp in search of ideal fixed and flexible home loans, will now find no change in the lending rates charged this Thursday.

With regards to the long term home loan offerings, the interested customers can now find the standard, 30 year fixed rate mortgage options being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. The relatively shorter, 15 year counterparts of the 30 year fixed rate mortgage home loan packages can now be secured at an interest rate of 3.500% and an annual return rate of 3.811% today. The shortest, 10 year fixed rate home loan schemes, can also be found listed in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823%.The customers, who are facing issues in securing home loans due to their poor credit score of or are unable to deal with the heavy down payment requirements, can opt for the FHA backed 30 year fixed rate mortgage deals, which are now coming out at an interest rate of 4.375% and are backed by an APR yield of 4.879%.The relatively shorter, 15 year FHA fixed rate mortgage home loans are now up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.

The American mortgage lender also offers jumbo versions of its popular 30 year fixed rate home loans, for the borrowers having expensive realty investment on the cards, at an interest rate of 4.625% and an APR yield of 4.777% today. The shorter, 15 year jumbo fixed rate mortgage loan packages are now coming out at an interest rate of 3.750% and an APR yield of 4.008%.

In the adjustable rate mortgage home loan division, the potential home loan seekers can find the best 3 year variable rate deals being published at a starting interest rate of 2.250% and carrying an APR yield of 3.261% to begin with. The more flexible, 5 year adjustable rate mortgage home loan options can now be locked in at an interest 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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