As another trading week touched its end, the major American mortgage lender, US Bank Corp (NYSE: USB) decided to keep its benchmark 30 year fixed mortgage interest rates stable on March 21, 2014. The interested home loan borrowers, who planning on stopping by the local branches of US Bank Corp, will find no change in the interest rates at which the ideal fixed and flexible home loan deals are coming out today.
As of now, according to the most up to date mortgage information made available by the bank, the standard, long term, 30 year fixed rate mortgage loan options are being traded at an interest rate of 4.500% today and are carrying an annual percentage yield of 4.673% today. On the other hand, in the short term lending section, the 15 year fixed rate mortgage home loans can be secured at a lending price of 3.500% and an annual percentage rate of 3.811%. The interested borrowers can also spot the shortest, 10 year fixed rate mortgage loan packages being published in the bank’s loan portfolio at a lending rate of 3.375% and an APR yield of 3.823%.
The home loan borrowers, who are finding it difficult to secure a conventional home loan due to their poor credit score of the past, or the inability to deal with the expensive down payment conditions, can reap the benefits of the FHA insured 30 year fixed rate mortgage loan plans, which are now being advertised at an interest rate of 4.375% and an APR yield of 4.879%. The mortgage shoppers can also find the shorter, 15 year FHA fixed rate mortgage home loans being trading at an interest rate of 4.000% and carrying an annual return rate of 4.565% today.
For the home loan seekers, who are planning on purchasing expensive home and are hoping to have the pricey investment financed through US Bank Corp, the jumbo versions of the 30 year fixed rate mortgage home loans would be an ideal choice at an interest rate of 4.625% and an APR yield of 4.777%. Alternatively, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage loans are up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.
As far as the adjustable rate mortgage deals are concerned, US Bank Corp is offering its best 3 year adjustable rate mortgage home loans plans at a starting interest rate of 2.250% and APR yield of 3.261% to start with. However, the more flexible, 5 year variable rate home loan plans are up for grabs at an interest rate of 2.625% and an APR yield of 3.250% during the starting years of the home loan tenure.
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.