Famous for its price stability, US Bank Corp (NYSE: USB) once again lived up to its title by quoting the same benchmark 30 year fixed rate mortgage home loans on April 8, 2014. This Tuesday, the qualified borrowers, will find the fixed and the flexible rate home loans being traded at the same interest rates as yesterday, which certainly won’t affect the popularity of its loan products in the market.
As of now, in the long term financing category, the interested borrowers can find the standard 30 year fixed rate mortgage home loans being traded at an interest rate of 4.500% and carrying an annual return rate of 4.673%. However, in the short term lending section, the 15 year fixed rate mortgage loans are being listed next to a lending rate of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate home loan deals can also be seen published in the bank’s portfolio against an interest price of 3.375% and an APR yield of 3.823%.
The mortgagors, who are finding it difficult to secure conventional home loans due to their poor credit score of the past, or their inability to pay expensive down payments, can go for the FHA insured 30 year fixed rate mortgage packages, which are now traded at an interest rate of 4.375% and an APR yield of 4.879% today. However, the relatively shorter, 15 year counterparts of the 30 year FHA fixed rate home loan deals can also be seen traded at a lending rate of 4.000% and carrying an APR yield of 4.565%.
The borrowers with expensive home financing needs can opt for the jumbo variants of the popular 30 year fixed rate mortgage schemes, which are now being advertised at an interest rate of 4.625% and an annual return rate of 4.777%. However, in the short term lending division, the mortgage shoppers can also find the 15 year jumbo fixed rate mortgage loans being listed at a lending price of 3.750% and an APR yield of 4.008%.
As far as the flexible home loan deals are considered, the bank offers its 3 year adjustable rate mortgage packages at an interest rate of 2.250% and an APR yield of 3.261% today. On the other hand, the more flexible, 5 year adjustable rate home loan options are now up for grabs at a lending price 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.