With several other mortgage lenders publishing improved lending rates, US Bank Corp (NYSE: USB) followed its usual pricing policy and published same benchmark 30 year fixed mortgage interest rates on April 11, 2014. For the mortgage shoppers, who are planning on securing ideal finances from US Bank Corp, will find no change in the fixed and flexible lending rates today, which might not be in favor of the bank in terms of overall demand and sales of its loan products in the market.
Today, the standard, long term, 30 year fixed rate mortgage loan offerings are coming out at unchanged interest rate of 4.500% today and are still carrying the same annual percentage rate of 4.673% today. However, in the short term home loan section, the 15 year fixed rate mortgage home loan deals can be spotted traded at an interest rate of 3.500% and an annual percentage yield of 3.811%. For the interested users, the bank also publishes its shortest, 10 year fixed rate mortgages, in the loan portfolio, at a lending rate of 3.375% and an APR yield of 3.823%.
For the mortgage shoppers, who are troubled by the lower credit score of their past, or are unable to service the heavy down payments demanded by banks, can lock in the FHA approved 30 year fixed rate mortgage scheme at an interest price of 4.375% and an annual return rate of 4.879% today. For the customers with short term needs, the lender offers the 15 year FHA fixed rate mortgage home loans at an interest rate of 4.000 % and an APR of 4.565% today.
The potential home buyers, who are planning on having the expensive realty investments financed through US Bank Corp, jumbo versions of its popular 30 year fixed rate mortgage home loan plans would be an ideal pick at a lending cost of 4.625% and an APR yield of 4.777%. Alternatively, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan packages can be secured at an interest rate of 3.750% and an APR yield of 4.008% this Friday.
As far as the variable rate financing options are considered, 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% to begin with. However, the more flexible, 5 year adjustable rate home loans are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% during the starting years of the home loan.
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.