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Mortgage Rates at US Bank Corp Stayed Flat on December 13, 2013

Mortgage Rates at US Bank Corp Stayed Flat on December 13, 2013

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Mortgage Rates at US Bank Corp Stayed Flat on December 13, 2013

Mortgage Rates at US Bank Corp Stayed Flat on December 13 2013Amid all the mayhem caused by the realty bubble burst, US Bank Corp (NYSE: USB) again managed to keep its mortgage interest rates for the home purchase and refinancing loans flat on December 13, 2013. The benchmark 30 year fixed mortgage rates remained steady for the fifth consecutive day this week, which is certainly a good piece of news for the potential home buyers.

In the new home loan portfolio of the US based mortgage lender, the lending rate of the standard 30 year fixed rate mortgage home loans remained firm at 4.500% today, providing an annual percentage return of 4.673% to start with. No absolute changes were made for the short term, 15 year fixed rate mortgage plans, which continue to be traded at a rate of 3.500% and offer an APR yield of 3.811%. The bank also keeps the interest rates of its 10 year fixed rate home loans fixed at 3.375% today, along with an APR yield of 3.823%.

Switching to the category for middle and low class borrowers, as well as for those who are troubled with their past credit score, the FHA approved 30 year fixed rate mortgage loans stand quoted at a rate of 4.375% and carry an APR yield of 4.879%. In the short term loaning section, the FHA insured 15 year fixed rate mortgage deals have been published at an interest rate of 4.000% and come along with an APR yield of 4.565%.

US Bank Corp also maintains a jumbo loan division for the borrowers with bigger financing requirements. Currently, the 30 year jumbo fixed rate mortgage home loans bear an interest rate of 4.625% and come along with an APR yield of 4.777%.  In the short term jumbo financing division, the bank offers 15 year FRM options at an interest rate of 3.750% and an APR yield of 4.008%.

The American lender, today, offers the VA variants of the 30 year fixed rate mortgage home loans at an interest rate of 4.500% and carry an APR yield of 4.846%. The lending rates of short term, 15 year VA versions of the FRM deals still remain seated at 4.000% and carry an APR yield of 4.721%.

Among the flexible rate mortgage offerings, the lender publishes its best 3 year ARM loan deals at a rate of 2.250%, along with an APR yield of 3.261%. On the other hand, the relatively more flexible, can be had by bearing an interest burden of 2.625% and APR yield of 3.250%.

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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