Known for following a different approach, US Bank Corp (NYSE: USB), again managed to keep its benchmark 30 year fixed mortgage interest rates unchanged on April 1, 2014. This Tuesday, the loyal customers as well as the potential home loan borrowers, will find no change in the lending rates at which the ideal home purchase or refinancing packages are being traded by the US based mortgage provider, which will surely help the bank in maintaining the popularity of its loan products in the market.
Starting off with the long term home loan deals, the potential borrowers can spot the standard 30 year fixed rate mortgage home loan deals being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673% today. On the other hand, the short term, 15 year fixed rate mortgage home loans are being advertised at an interest rate of 3.500% and an APR yield of 3.811%. The bank is also offering its shortest, 10 year fixed rate mortgage packages, today at a lending rate of 3.375% and an APR yield of 3.823% this Tuesday.
The customers, who are finding it difficult to secure conventional home loan deals due to their poor credit scores of the past or the inability to deal with the expensive down payment requirements, can opt for the FHA insured 30 year fixed rate mortgages, which are now being traded at an interest rate of 4.375% and are backed by an annual return of 4.879% today. Likewise, the short term, 15 year FHA fixed rate mortgage home loan plans can now be locked in at an interest cost of 4.000% and an APR yield of 4.565%.
The borrowers, who are looking forward to make expensive home investments, and are seeking ideal finances from US Bank Corp to back their purchase, can see the 30 year jumbo fixed rate mortgage packages being listed against a lending charge of 4.625% and an APR yield of 4.777%. However, the relatively shorter, 15 year jumbo fixed rate home loans can now be secured at an interest rate of 3.750% and an APR yield of 4.008% today.
As far as the flexible home loan deals are concerned, the potential customers can opt for the best 3 year flexible home loans, which are now being advertised at an interest rate of 2.250% and an APR yield of 3.261% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan plans are up for grabs at a starting 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.