Choosing to follow its usual course of action, the popular mortgage provider, US Bank Corp (NYSE: USB), decided to quote unchanged benchmark 30 year fixed mortgage interest rates on September 3, 2014. As per the new mortgage date made available by the bank, the ideal home purchase loans as well as refinancing mortgage deals registered no change in terms of interest rates this Wednesday.
At present, in the standard, long term lending section, the borrowers can see the 30 year fixed rate mortgage home loan plans being advertised at an interest rate of 4.500% and an annual percentage rate of 4.673%. The relatively shorter, 15 year fixed rate mortgage home loans can now be acquired at an interest rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loans are now listed in the bank’s loan books against a lending rate of 3.375% and an APR yield of 3.823%.
The borrowers, who find it difficult to secure a conventional home loans due to their poor credit score or inability to service down payment requirements, can now opt for the FHA insured 30 year fixed rate mortgage plans, which are currently coming out at a lending rate of 4.375% and an APR yield of 4.879%. In the short term lending section, the bank now quotes its 15 year FHA fixed rate mortgage deals at an interest rate of 4.000% and an APR yield of 4.565%.
For the mortgage shoppers, who plan on funding their expensive home investments through US Bank Corp, jumbo variants of the popular 30 year fixed rate mortgage home loans would be ideal options at an interest price of 4.625% and an APR yield of 4.777%. The short term, 15 year jumbo fixed rate home loan deals are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.
When it comes to adjustable rate mortgage home loans, the interested home shoppers can find the best 3 year flexible rate packages being traded at a starting interest rate of 2.250% and an annual percentage yield of 3.261% on the principal amount of home loan secured from the bank. The relatively more flexible, 5 year adjustable rate mortgage packages are now available for an interest price of 2.625% and an APR yield of 3.250% during the initial 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.