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Today’s Mortgage Interest Rates Experience No Change at US Bank Corp on April 9, 2014

Today’s Mortgage Interest Rates Experience No Change at US Bank Corp on April 9, 2014

Business

Today’s Mortgage Interest Rates Experience No Change at US Bank Corp on April 9, 2014

This Wednesday did not bring along any change in the benchmark 30 year fixed mortgage interest rates at US Bank Corp (NYSE: USB). As per the new mortgage rate charts released by the bank on April 9, 2014, the fixed as well as flexible home loan deals are still being traded at the same lending rates as yesterday, thereby making no big difference in the sales figures of US Bank Corp loan products in the market.

Today, the seekers of long term home loans can spot the standard, 30 year, fixed rate mortgage home loans being listed in the bank’s books at an interest rate of 4.500% today and an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage plans can now be locked in at an interest rate of 3.500% and an APR yield of 3.811%. The interested borrowers can also find the shortest, 10 year, fixed rate mortgage home loan plans being advertised at an interest rate of 3.375% and an APR yield of 3.823% today.

The potential home buyers, who are finding it difficult to secure a conventional home loan due to their poor credit score of the past, or inability to deal with heavy down payment requirements, can reap the benefits of FHA insured 30 year fixed rate mortgage options, which are now published in the bank’s portfolio against a lending charge of 4.375% and an APR yield of 4.879%. However, the 15 year FHA fixed rate home loan deals are up for grabs at an interest cost of 4.000% and an APR yield of 4.565% today.

For the mortgage shoppers, who are planning on making expensive realty investments and are seeking best home loan deals from US Bank Corp to finance their purchase, jumbo versions of the popular 30 year fixed rate mortgage home loans would be an ideal pick at a lending rate of 4.625% and an APR yield of 4.777%. On the other hand, relatively shorter, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 3.750% and an APR yield of 4.008%.

As far as the adjustable rate mortgage loans are considered, the bank is presently offering its best 3 year deals at a starting interest rate of 2.250% and an APR yield of 3.261%. However, the more flexible, 7 year adjustable rate mortgage plans are now traded at an interest cost of 2.625% and an annual return of 3.250% during the starting 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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