This Monday, the popular mortgage lender, US Bank Corp (NYSE: USB) continues to put a good fight against a volatile market conditions and lived up to its reputation yet again by quoting unchanged benchmark 30 year fixed mortgage interest rates. As per the most up to date mortgage information made available by the bank on April 21, 2014, the fixed and flexible home loan deals are coming out at same interest rates as previous week.
Today, from the borrowers interested in securing the standard, long term, 30 year fixed rate mortgage home loan deals, the bank is charging an interest rate of 4.500% and offering an annual percentage rate of 4.673%. However, in the short term home loan section, the bank highlights its best 15 year fixed rate mortgage home loans at an interest price of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate mortgage plans are also offered by US Bank Corp at an interest cost of 3.375% and an APR yield of 3.823% today.
The potential home buyers, who are finding it difficult to lock in a conventional home loan due to their poor credit score of the past, or insufficient money to service with the exorbitant down payment, can reap the benefits of the FHA insured 30 year fixed rate mortgage home loans, which are now traded at an interest rate of 4.375% and an APR yield of 4.879% today. On the other hand, the short term, 15 year counterparts of the 30 year FHA fixed rate home loan deals are up for grabs at an interest rate of 4.000% and an APR yield of 4.565% this Monday.
For the mortgage shoppers, who are planning on financing their expensive home investment through US Bank Corp, jumbo versions of the popular 30 year fixed rate mortgage plans would be an ideal pick at an interest rate of 4.625% and an APR yield of 4.777%. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loan options can be secured at an interest rate of 3.750% and an APR yield of 4.008%.
As far as the flexible home financing section, borrowers can find the best 3 year adjustable rate mortgage home loan schemes being advertised at a starting interest rate of 2.250% and an annual return rate of 3.261% to start with. On the other hand, the more flexible, 5 year adjustable rate mortgage home loan packages are now coming out at an interest rate of 2.625% and an APR yield of 3.250%.
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.