Maintaining its reputation in the market, the popular mortgage provider, US Bank Corp (NYSE: USB) managed to stay clear from the market movements and sentiments, and quoted same benchmark 30 year fixed mortgage interest rates on May 16, 2014. This Friday, the interested customers will find no change in the interest rates, at which, the fixed and flexible home loan deals are traded in the market.
Looking at the most recent mortgage data released by the bank, the potential home buyers can find the standard, long term, 30 year fixed rate mortgage home loans being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. For the customers interested in shorter home loan deals, 15 year counterparts of 30 year fixed rate mortgage deals would be ideal options at an interest rate of 3.500% and an annual percentage yield of 3.811% today. The shortest, 10 year fixed rate mortgage loans, can also be found listed in the bank’s books at a lending rate of 3.375% and an APR yield of 3.823%.For such borrowers, troubled by their poor credit score or bad financial condition, US Bank Corp offers FHA insured 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879%, which is certainly higher than the conventional home loan deals. The short term, 15 year FHA fixed rate mortgage home loan packages are now being listed at an interest rate of 4.000% and an annual return of 4.565% today.
For the customers with expensive realty investment needs, the bank is now offering jumbo variants of its popular 30 year fixed rate mortgage home loans, at an interest rate of 4.625% and an APR yield of 4.777%. In the exclusive short term home loan section, the 15 year jumbo fixed rate mortgage options are listed at a lending rate of 3.750% and an APR yield of 4.008% today.
As far as the adjustable rate mortgage home loans are concerned, the best 3 year variable rate mortgage packages are advertised at an interest rate of 2.250% and are carrying an APR yield of 3.261% during the starting years of the home loan. However, the more flexible, 5 year adjustable rate mortgage plans can be secured at a starting interest rate of 2.625% and an APR yield of 3.250% on the basic amount of home loan sanctioned by 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.