Connect with us

Summary of Conventional and Refinancing Mortgage Interest Rates at US Bank Corp on May 15, 2014

Summary of Conventional and Refinancing Mortgage Interest Rates at US Bank Corp on May 15, 2014

Business

Summary of Conventional and Refinancing Mortgage Interest Rates at US Bank Corp on May 15, 2014

Current Conventional and Refinancing Mortgage Interest Rates at US Bank Corp on May 15, 2014Keeping its part of offering stable interest rates, US Bank Corp (NYSE: USB) yet again did not make any immediate or shocking change to its benchmark 30 year fixed mortgage interest rates on May 15, 2014. Moving along the same course that it has been following since the past few days, the American lender is now offering the fixed as well as flexible home loan deals at the same interest rates as yesterday.

A closer look at the recent mortgage rate charts released by the bank today will reveal that the standard, long term, 30 year fixed rate mortgage options are still being traded at an interest rate of 4.500% and are carrying an annual percentage rate of 4.673%. In the short term home loan section, the bank quotes its 15 year fixed rate mortgage options at an interest rate of 3.500% and an APR yield of 3.811%. The 10 year fixed rate mortgage home loans can also be seen listed in the bank’s books at a lending rate of 3.375% and annual percentage return of 3.823%.

The potential home buyers, who are seeking ideal finances to back its pricey home investment, can go for the jumbo versions of the popular 30 year fixed rate mortgage loans, which are now coming out at an interest rate of 4.625% and an APR of 4.777%, which is higher than what the non-jumbo home loan offers. The relatively shorter, 15 year jumbo fixed rate mortgage home loan plans are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% this Thursday.

For the troubled customers, the bank now offers its FHA backed 30 year fixed rate mortgage loans at an interest rate of 4.375% and an annual percentage yield of 4.879%. In the short term lending section, the 15 year counterparts of the 30 year FHA fixed rate home loan deals can be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.

When it comes to home loans with flexible rates of interest, the mortgage shoppers can opt for the best 3 year adjustable rate home loans, which are now quoted at a starting interest rate of 2.250% and an APR yield of 3.261%. For the borrowers interested in more flexible deals, 5 year adjustable rate home loan plans are now listed at an interest price of 2.625% and an 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.

More in Business

Good News

To Top