Connect with us

Summary of Current Mortgage Interest Rates at US Bank Corp on May 5, 2014

Summary of Current Mortgage Interest Rates at US Bank Corp on May 5, 2014

Business

Summary of Current Mortgage Interest Rates at US Bank Corp on May 5, 2014

Summary of Current Mortgage Interest Rates at US Bank Corp on May 5, 2014Following its usual pricing approach, the popular mortgage lender, US Bank Corp (NYSE: USB) decided to make no change to its benchmark 30 year fixed mortgage interest rate figures on May 5, 2014. Today, the eligible mortgage shoppers, who are planning on visiting the local office of US Bank Corp, will find the best fixed and flexible home loans being traded at the same lending rates as yesterday.

This Monday, the standard, long term, 30 year fixed rate mortgage home loans can be seen coming out at an interest rate of 4.500% and an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans can now be secured at an interest rate of 3.500% and an APR yield of 3.811%. The qualified borrowers can also find the shortest, 10 year fixed rate mortgage home loan plans being traded at an interest rate of 3.375% and an APR yield of 3.823%.

The potential home buyers, who are looking forward to make a pricey realty investment and are planning on having it financed through US Bank Corp, can opt for the jumbo versions of the popular 30 year fixed rate mortgage loan plans, which are now being traded at an interest rate of 4.625% and an APR yield of 4.777%. On the contrary, the short term, 15 year jumbo fixed rate mortgage home loan deals can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

The potential customers, who cannot secure standard home loans due to their poor credit score or inability to deal with heavy down payment conditions, can opt for the FHA insured 30 year fixed rate mortgage home loans, which are now coming out at an interest rate of 4.375% and are backed by an APR yield of 4.879%. Likewise, the relatively shorter, 15 year FHA fixed rate mortgage loans can be secured at an interest price of 4.000% and an APR yield of 4.565% this Monday.

As far as the variable rate home loan options are considered, the interested borrowers can spot the best 3 year adjustable rate mortgage home loan packages being published at a starting interest rate of 2.250% and backed by an annual return rate of 3.261% to start with. However, the more flexible, 5 year fixed rate mortgage home loan deals are up for grabs at an interest rate 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

MNU EXCLUSIVES

To Top