At the popular US based mortgage lender, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates are holding firm on June 19, 2014. Despite the regular market changes, the interested customers will find the ideal home purchase and refinancing mortgage home loans being traded at the same interest rates as yesterday.
According to the most recent mortgage information released by the bank, the standard, long term, 30 year fixed home loans are now being traded at the same interest rate of 4.500% and an annual percentage rate of 4.673% today. For the borrowers, who are interested in securing short term home loans, the 15 year fixed rate mortgage packages would serve as perfect options at a lending rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan plans can also be seen coming out an interest rate of 3.375% and an APR yield of 3.823%.Sometimes, the potential home buyers face issues in obtaining conventional home loans due to their poor credit score of the past or the expensive down payment requirements. For such troubled customers, US Bank Corp offers FHA insured 30 year fixed rate home loans at an interest cost of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA backed fixed rate mortgage home loans deals are now up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.
For the mortgage shoppers having expensive home financing needs, the bank offers jumbo versions of its popular 30 year fixed rate home loans at an interest rate of 4.625% and an APR yield of 4.777%. For the borrowers, who are planning on heading down the short term route for refinancing their investment, the 15 year Jumbo fixed rate mortgage home loan schemes will be ideal options at an interest rate of 3.750% and an annual percentage return of 4.008% today.
In the adjustable rate mortgage home loan section, the 3 year variable rate home loans are now listed at a starting lending rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan period. The 5 year adjustable rate mortgage deals are now published against an interest rate of 2.625% and an APR yield of 3.250% on the initial amount of loan taken 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.