At the major American mortgage lender, US Bank Corp (NSYE: USB), the benchmark 30 year fixed mortgage interest rates are holding steady on March 20, 2014. Thursday, which is usually seen as the carrier of bad news for the potential home loan borrowers, didn’t surprise the eligible mortgage shoppers, as the fixed and flexible home loan deals are still being traded at same interest rates at US Bank Corp today.
According to the most up to date mortgage information made available by the bank, the standard, long term, 30 year fixed rate mortgage home loans can be had at an interest rate of 4.500% and an impressive annual percentage rate of 4.673%. For the mortgage shoppers, who are interested in taking the shorter route to finance their home purchase, the bank publishes its 15 year fixed rate home loans against a lending charge of 3.500% and an APR yield of 3.811%. The customers can also find the shortest, 10 year fixed rate mortgage deals being advertised at an interest rate of 3.375% and an APR yield of 3.823% today.
For the mortgage borrowers, who are looking forward to purchase expensive homes and are hoping to have their big home investments financed from US Bank Corp, the jumbo variants of 30 year fixed rate mortgage loans would be a perfect option at a lending rate of 4.625% and an APR yield of 4.777%. However, in the short term home loan section, the 15 year jumbo fixed rate home loan plans can be seen quoted at an interest rate of 3.750% and carry an APR yield of 4.008%.
The potential home buyers, who are facing difficulties in dealing with heavy down payment requirements or are being troubled by their poor credit past while securing conventional home loans, can opt for the FHA insured 30 year fixed rate mortgage loans, which are now being traded at a lending price of 4.375% and an carrying an APR yield of 4.879%. However, the relatively shorter, 15 year FHA fixed rate home loan packages can be seen listed in the bank’s books against an interest cost of 4.000% and a higher APR yield of 4.565% today.
As far as the flexible home loan options are considered, the bank is offering its best 3 year adjustable rate mortgage home loans at a starting interest rate of 2.250% and an APR yield of 3.261%. However, the more flexible, 5 year variable rate home loans are up for grabs at a lending rate of 2.625% today and come along with an APR yield of 3.250% during the starting years of the home loan tenure.
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.