With the aim of maintaining its distinct identity in the eyes of its customers, US Bank Corp (NYSE: USB) made no change to its benchmark 30 year fixed mortgage interest rates on May 6, 2014. According to the new mortgage rate charts released by the bank this Tuesday, the ideal fixed and flexible home loan packages are coming out at the same interest rates as yesterday and at the end of the previous week as well.
The mortgage shoppers, who have poor credit history or are unable to pay heavy down payments, can reap the benefits of the FHA insured 30 year fixed rate mortgage home loans, which are now coming out at an interest cost of 4.375% and are backed by an APR yield of 4.879%. On the other hand, the shorter, 15 year counterparts of the 30 year FHA fixed rate mortgage home loans are up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.
For the borrowers, who are planning on financing their expensive home investments through US Bank Corp, jumbo variants of the popular 30 year fixed rate mortgage deals would be an ideal pick at a lending rate of 4.625% and an APR yield of 4.777%. Alternatively, the short term, 15 year jumbo fixed rate home loan options are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008%.
When it comes to flexible home lending, the interested borrowers can find the best 3 year variable rate home loan plans coming out at an interest rate of 2.250% today and carrying an annual return rate of 3.261%. However, the more flexible, 5 year flexible rate mortgage home loan can be locked in at an interest rate of 2.625% and an APR yield of 3.250% during the starting years of the home loan.