At the popular American lender, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates are holding firm on June 25, 2014. Maintaining its goodwill among the potential customers, the mortgage lender decided to offer the ideal fixed as well as variable rate home loan options at the same lending rates as yesterday to the potential home buyers this Wednesday.
The potential home buyers, who are troubled by their poor credit score, or are unable to deal with the heavy down payments, can reap the benefits of the FHA approved 30 year fixed rate mortgage loans, which are now being traded at an interest rate of 4.375% and an APR yield of 4.879%. The shorter, 15 year counterparts of the 30 year FHA fixed rate mortgage home loan offerings can now be locked in at an interest rate of 4.000% and an annual return rate of 4.565%.
When it comes to the adjustable rate mortgage options, the interested borrowers can find the best, 3 year home loan packages being advertised at a starting interest rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans can now be found listed next to an interest rate of 2.625% and an annual return rate of 3.250% on the principal amount of home loan taken from the bank.