This Monday did not bring any pleasant or unpleasant change to the benchmark 30 year fixed mortgage interest rates at the popular American lender, US Bank Corp (NYSE: USB) on September 8, 2014. The potential home buyers, who are now planning on securing ideal home purchase loans from US Bank Corp today, will find no change in the lending rates as compared to the rates published towards the end of previous week.
To begin with, in the standard, long term home loan division, the 30 year fixed rate mortgage home loan plans are traded at an interest rate of 4.500% and are backed by an APR yield of 4.673%. The relatively shorter, 15 year fixed rate mortgage home loan deals can now be seen at a lending rate of 3.500% and an APR yield of 3.811% today. The interested borrowers can also find the shortest 10 year fixed rate mortgage plans being published in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823%.
For the borrowers, who are facing issues in acquiring conventional home loan due to their poor credit score or inability to deal with expensive down payments, the bank offers its FHA insured 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879% this Monday. For the seekers of short term loans, 15 year FHA fixed rate mortgage options can now be locked in at an interest rate of 4.000% and an APR yield of 4.565%.
In the exclusive lending division, the borrowers who plan on securing pricey realty investments can find the jumbo variants of the popular 30 year fixed rate mortgage deals listed at a lending rate of 4.625% and an annual return rate of 4.777%. In the short term home loan section, 15 year fixed rate mortgage home loan packages can now be locked in at an interest rate of 3.750% and an annual percentage yield of 4.008%.
For the mortgage shoppers, who are interested in flexible financing options, the bank now offers 3 year adjustable rate mortgage loans at a starting interest rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan period. The mortgage shoppers, who are seeking more flexible home loan deals, can spot the 5 year adjustable rate mortgage options being published against a lending rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan sanctioned by the bank.
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.