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Summary of US Bank Corp’s Mortgage Interest Rates on June 26, 2014

Summary of US Bank Corp’s Mortgage Interest Rates on June 26, 2014

Business

Summary of US Bank Corp’s Mortgage Interest Rates on June 26, 2014

Summary of US Bank Corp's Mortgage Interest Rates on June 26, 2014This Thursday, following the lead of several other mortgage lenders, US Bank Corp (NYSE: USB) decided to head down the same path and keep its benchmark 30 year fixed mortgage interest rates unchanged. The qualified borrowers, who are planning on financing their new realty investment through US Bank Corp today, will find no change in the lending rates as compared to the yesterday’s rates.

Today, in the standard, long term home loan section, the interested borrowers can spot the 30 year fixed rate mortgage loan deals being traded at the same interest rate of 4.500% today and are backed by an annual percentage rate of 4.673% today. In the short term home loan section, the 15 year fixed rate mortgage home loan deals are coming out at an interest rate of 3.500% and an annual percentage return of 3.811%. The also publishes its shortest, 10 year fixed rate mortgages, in its loan books, at an interest rate of 3.375% and an APR yield of 3.823%.For the mortgage shoppers, who are facing issues in securing conventional home loans due to their poor credit score, or inability to service the heavy down payments demanded by banks, can acquire the FHA insured 30 year fixed rate mortgage scheme at an interest rate of 4.375% and an annual return rate of 4.879%. The mortgage shoppers, who are aiming to walk down the short term home financing route, can spot the 15 year FHA fixed rate mortgage home loans being traded at an interest rate of 4.000 % and an APR of 4.565% today.

The potential home buyers, who are seeking ideal finances to fund their expensive realty investment through US Bank Corp, can lock in the jumbo versions of its popular 30 year fixed rate mortgage home loan plans at a lending rate of 4.625% and an APR yield of 4.777%. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan deals are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% this Thursday.

When it comes to variable rate financing options, the bank offers its best 3 year adjustable rate mortgage home loan options at a starting interest rate of 2.250% and APR yield of 3.261% during the starting years of the home loan period. The more flexible, 5 year adjustable rate home loans can now be locked in at an interest rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan secured from 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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