As another trading week came to its end, the popular American mortgage provider, US Bank Corp (NYSE: USB) continued to quote same benchmark 30 year fixed mortgage interest rates on September 12, 2014. The potential home buyers, who are seeking ideal home purchase loans, will find no change in the standard fixed or flexible home loan rates as compared to the yesterday’s interest rates.
As of now, in the standard, long term home loan section, 30 year fixed rate mortgage loan options can be seen published at an interest rate of 4.500% and backed by an annual percentage yield of 4.673% today. In the short term lending section, the 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 interested borrowers can also find the shortest, 10 year fixed rate mortgage loan packages being quoted in the bank’s books at a lending rate of 3.375% and an APR yield of 3.823%.
The home loan borrowers, who face issues in securing conventional home loans due to their poor credit score, or inability to deal with the expensive down payments, can now secure the FHA insured 30 year fixed rate mortgage loan plans at an interest rate of 4.375% and an APR yield of 4.879%. The interested customers can also find the shorter, 15 year FHA fixed rate mortgage home loans being advertised at an interest rate of 4.000% and carrying an annual return rate of 4.565% today.
For the home loan seekers, who are plan on purchasing pricey properties and are hoping to have them financed through US Bank Corp, the jumbo versions of the 30 year fixed rate mortgage home loans would be perfect options at an interest rate of 4.625% and an APR yield of 4.777%. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage loans can now be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.
When it comes to adjustable rate mortgage deals, US Bank Corp offers its best 3 year adjustable rate mortgage home loans plans at a starting interest rate of 2.250% and APR yield of 3.261% to begin with. The more flexible, 5 year variable rate home loan plans are now up for grabs at an interest rate of 2.625% and an APR yield of 3.250% during the initial years of the home loan tenure.
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.