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Today’s Mortgage Interest Rates at US Bank Corp (May 7, 2014)

Today’s Mortgage Interest Rates at US Bank Corp (May 7, 2014)

Business

Today’s Mortgage Interest Rates at US Bank Corp (May 7, 2014)

Today's Mortgage Interest Rates at US Bank Corp (May 7, 2014)This Wednesday, at the popular American mortgage provider, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates didn’t show any change from the interest figures quoted in the yesterday’s mortgage charts. As of now, the qualified home loan seekers can acquire the fixed and flexible home loan packages at the same interest rates, without burning a hole in their pocket owing to the increased interest rates, which is the case with some other mortgage providers today.

Today, the standard, long term, 30 year fixed rate mortgage loan offerings are coming out at the same interest rate of 4.500% and are carrying an annual percentage rate of 4.673%. In the short term home loan section, the 15 year fixed rate mortgage home loan options can be seen listed at a lending price of 3.500% and being backed by an annual percentage yield of 3.811%. The interested customers can also find the shortest, 10 year fixed rate mortgage home loan plans published in bank’s portfolio at a lending rate of 3.375% and an APR yield of 3.823% today.For the mortgage shoppers, who are planning on financing their pricey home purchase through US Bank Corp, the jumbo variants of the popular 30 year fixed rate mortgage home loan deals would be an ideal pick at an interest rate of 4.625% and an APR yield of 4.777%. On the other hand, the short term, 15 year jumbo fixed rate mortgage home loans are up for grabs at an interest rate of 3.750% and an APR yield of 4.008% this Wednesday.

The potential home buyers, who find it difficult to secure standard home loans due to poor credit score or insufficient funds in hand to service down payments, can reap the benefits of FHA approved 30 year fixed rate mortgage schemes, which are now traded at a lending rate of 4.375% and an APR yield of 4.879%. The lender also offers the short term, 15 year FHA fixed rate mortgage home loans at an interest rate of 4.000% and an annual return rate of 4.565% today.

In the flexible lending division, the 3 year adjustable rate mortgage deals are published at a starting interest rate of 2.250% and APR yield of 3.261%. On the contrary, the more flexible, 5 year variable home loans can be locked in at an interest rate of 2.625% and an APR yield of 3.250% to start with.

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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