Rowing along the steady stream, US Bank Corp (NYSE: USB) decided to publish unchanged 30 year fixed mortgage interest rates this Wednesday, February 26, 2014. As of now, the fixed and flexible home loan deals are up for grabs at the same interest rates as yesterday, thereby helping the bank enjoy a steady demand of its loan products in the market.
According to the most up to date mortgage information released for the mortgage shoppers, the standard, long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673% today. On the other hand, the relatively short term, 15 year fixed rate mortgage home loans are tagged with an interest charge of 3.500% and are carrying an ARP yield of 3.811% today. The interested borrowers can also find the shortest, 10 year fixed rate home loan options published in the bank’s books against an interest rate of 3.375% and an APR yield of 3.823%.
The mortgage shoppers, who are facing difficulties in securing conventional home loans due to poor credit score in the past or their inability to pay heavy down payments, can opt for the FHA approved 30 year fixed rate mortgage home loans, which are now being advertised at a lending cost of 4.375% and are offering an APR yield of 4.879%. Alternatively, the shorter, 15 year counterparts of the 30 year FHA insured fixed rate mortgage home loans are also included in the bank’s loan books at an interest rate of 4.000% and an APR yield of 4.565%.
For the borrowers, who are looking forward to find ideal financing options for their expensive home investments, US Bank Corp publishes its best 30 year jumbo fixed rate mortgage deals in the loan portfolio at a lending rate of 4.625% and an APR yield of 4.777%. However, the short term, 15 year jumbo fixed rate home loan options can be locked in at an interest rate of 3.750% and an APR yield of 4.008% for today.
As far as the more flexible, adjustable rate mortgage home loans are considered, the interested borrowers can find the best 3 year variable rate home loan plans being published against a lending charge of 2.250% today and an annual return rate of 3.261% to begin with. On the other hand, the more flexible, 5 year flexible rate mortgage schemes can be locked in at a starting interest rate of 2.625% and an APR yield of 3.250% to start with.
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.