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Today’s Mortgage Interest Rates at US Bank Corp (May 12, 2014)

Today’s Mortgage Interest Rates at US Bank Corp (May 12, 2014)

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Today’s Mortgage Interest Rates at US Bank Corp (May 12, 2014)

Today's Mortgage Interest Rates at US Bank Corp (May 12, 2014)The benchmark 30 year fixed mortgage interest rates retained their position at the popular American lender, US Bank Corp (NYSE: USB) on May 12, 2014. This Monday, the bank updated its mortgage information, which revealed that the conventional and refinancing mortgage deals are coming out at the same lending rates as towards the end of the last week.

Currently, the standard, long term, 30 year fixed rate mortgage home loan packages are being traded at an interest rate of 4.500% and are carrying an annual percentage rate of 4.673%. For the borrowers, who are interested in taking a shorter route to finance their home purchase, the bank offers its 15 year fixed rate mortgage loans, which can now be secured at an interest rate of 3.500% and an APR yield of 3.811% today. The interested customers can also spot the shortest, 10 year fixed rate mortgage home loans being traded at an interest rate of 3.375% and an APR yield of 3.823% this Monday.

For the borrowers, who are finding it difficult secure conventional home loan deals due to the poor credit score or the inability to service expensive down payments, the mortgage lender offers its FHA insured 30 year fixed rate mortgage plans at a lending rate of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate home loan schemes can be locked in at an interest rate of 4.000% and an APR yield of 4.565% this Monday.

For the mortgage shoppers, who are planning to finance their pricey realty investment through US Bank Corp, jumbo versions of the popular 30 year fixed rate mortgage options can be secured by paying an interest charge of 4.625% and agreeing to an APR yield of 4.777% today. In the short term lending section, 15 year jumbo fixed rate mortgage home loans can be seen published at an interest rate of 3.750 % and an APR yield of 4.008%.

As far as the flexible home loan deals are considered, the interested borrowers can secure the 3 year adjustable rate mortgage home loan packages at an interest rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan tenure. The more flexible, 5 year adjustable rate mortgage deals are now up for grabs at a starting interest rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan secured from the bank.

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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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