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Mortgage Interest Rates at US Bank Corp on August 29, 2014

Mortgage Interest Rates at US Bank Corp on August 29, 2014

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Mortgage Interest Rates at US Bank Corp on August 29, 2014

Mortgage Interest Rates at US Bank Corp on August 29, 2014Maintaining a firm pace, the popular American mortgage lender, US Bank Corp (NYSE: USB), decided to make no pleasant or unpleasant changes to its benchmark 30 year fixed mortgage interest rates on August 29, 2014. This Friday, the potential home buyers can find the ideal home purchase loans being traded at the same fixed as well as flexible interest rates as yesterday.

To start with, in the standard, long term home financing division, the mortgage shoppers can spot the 30 year fixed rate mortgage home loan deals being advertised at an interest rate of 4.500% and an annual percentage rate of 4.673%. The short term, 15 year fixed rate mortgage home loans are now coming out at an interest rate of 3.500% and an APR yield of 3.811%. The interested customers can also find the shortest, 10 year fixed rate home loan schemes published in the bank’s books against an interest rate of 3.375% and an APR yield of 3.823% today.

The potential home buyers, who are unable to secure conventional home loans due to their poor credit score of the past or inability to pay expensive down payments, can opt for the FHA backed 30 year fixed rate mortgage home loans, which are now being advertised against a lending rate of 4.375% and an APR yield of 4.879%. The relatively shorter and less expensive, 15 year FHA fixed rate mortgage home loans are now coming out at an interest rate of 4.000% and an APR yield of 4.565%.

In the exclusive home loan section, the bank caters aims at fulfilling the needs of shoppers with expensive home financing requirements by offering jumbo variants of its popular 30 year fixed rate mortgage home loans at an interest rate of 4.625% and an APR yield of 4.777%. The shorter, 15 year counterparts of the 30 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% today.

For the customers, who are planning on securing loans at flexible interest rates, the bank quotes 3 year adjustable rate home loans at a starting rate of 2.250% and an APR yield of 3.261% to begin with. The more flexible, 5 year adjustable rate mortgage packages are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% on the principal amount of loan taken from 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.

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Stephany Wilson covers business and finance related news.

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