At the beginning of a new trading week, the benchmark 30 year fixed mortgage interest rates are holding firm at US Bank Corp (NYSE: USB) on June 16, 2014. As per the most up to date mortgage information released by the bank today, the interested borrowers, who are planning on securing ideal home finances for new home purchase or reinvestment needs, will find the standard fixed and flexible home loans being traded at the same interest rates.
Today, the standard, long term, 30 year fixed rate mortgage home loan options are now coming out at an interest rate 4.500% and are carrying an annual percentage rate of 4.673%. The short term, 15 year fixed rate mortgage home loan deals are now up for grabs at an interest rate of 3.500% and an APR yield of 3.811% today. The mortgage shoppers can also find the shortest, 10 year fixed rate mortgage home loan deals, being published in the bank’s books at an interest price of 3.375% and backed by an APR yield of 3.823% today.For the home buyers, who are facing issues in securing conventional home loans due to poor credit score, or inability to service heavy down payment requirements, the bank is currently offering FHA backed 30 fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879% this Monday. The relatively shorter, 15 year FHA insured fixed rate home loan deals can now be locked in at an interest price of 4.000% and an APR yield of 4.565%.
The potential home buyers, who are seeking ideal finances for backing their expensive home investment, can opt for the jumbo versions of the popular 30 year fixed rate mortgage home loans, which are now advertised at an interest rate of 4.625% and an APR yield of 4.777%. In the short term lending section, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan deals are listed at an interest rate of 3.750% and an APR yield of 4.008% this Monday.
When it comes to flexible home loan options, the bank is now offering its best 3 year adjustable rate mortgage deals at an interest rate of 2.250% and an annual return rate of 3.261%. For the home buyers, who are planning on enjoying more flexibility, the bank offers its 5 year adjustable rate mortgage home loans at an interest rate of 2.625% and an APR yield of 3.250% today.
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.