One of the most popular American mortgage provider, US Bank Corp (NYSE: USB), managed to live up to its pre-established image in the market by publishing unchanged benchmark 30 year fixed mortgage interest rates on August 20, 2014. The borrowers, who are interested in paying the local branches of US Bank Corp a visit, in search of ideal home purchase loans today, will find no change in the lending rates as compared to yesterday.
As per the most up to date mortgage data made available by the bank, the standard, long term, 30 year fixed rate mortgage loan options are coming out at an interest rate of 4.500% today and are backed by an annual percentage yield of 4.673% today. The relatively shorter and less expensive, 15 year fixed rate mortgage home loans can now be secured at a lending rate of 3.500% and an annual percentage rate of 3.811%. The potential home buyers can also spot the shortest, 10 year fixed rate mortgage loan packages being traded at an interest rate of 3.375% and an APR yield of 3.823%.
The borrowers, who are troubled by their poor credit score of the past, or their inability to deal with the exorbitant down payment conditions, when applying for conventional home loans, can now reap the benefits of 30 year FHA backed mortgage home loan deals, which are presently traded at an interest rate of 4.375% and an APR yield of 4.879%. The 15 year counterparts of the 30 year FHA fixed rate mortgage home loans can now be locked in at an interest cost of 4.000% and APR yield of 4.721%.
The mortgage shoppers, who require larger finances for funding their expensive home investments, can now opt for jumbo versions of its popular 30 year fixed rate mortgage home loan options, which are traded at an interest rate of 4.625% and an APR yield of 4.777%. In the short term mortgage section, the bank quotes its 15 year jumbo fixed rate mortgage plans at a lending rate of 3.750% and an annual percentage yield of 4.008% today.
In the flexible home loan division, the bank is now offering its 3 year adjustable rate mortgage home loan options at a starting interest rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan period. For the borrowers interested in more flexible lending rates, 5 year adjustable rate mortgage deals would serve as ideal options at an interest rate of 2.625% and an APR yield of 3.250% this Wednesday.
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.