The benchmark 30 year fixed mortgage interest rates remained flat at one of the most popular mortgage providers in America, US Bank Corp (NYSE: USB) on February 18, 2014. Following the trail of the past couple of weeks, the US based mortgage lender didn’t change the lending rates at which its fixed and flexible home loans are coming out this Tuesday.
As of now, the bank is charging the same interest cost of 4.500% from, and offering an annual percentage rate of 4.673% to, the borrowers who are interested in securing the standard, long term, 30 year fixed rate mortgage home loans. However, from the borrowers seeking short term, 15 year fixed rate mortgage home loan, the bank is charging a lending price of 3.500% and providing an annual return of 3.811% today. The shortest, 10 year fixed rate mortgage deals are also up for grabs at an interest rate of 3.375% and an APR yield of 3.823% today.
The Federal Housing Administration versions of the 30 year fixed rate mortgages are also available for the borrowers troubled by their poor credit score or the inability to make exorbitant down payments, at a rate of 4.375% today and carry an APR yield of 4.879%. Alternatively, the FHA versions of 15 year fixed rate mortgage home loans packages are still coming out at an interest rate of 4.000% today and are accompany by an APR yield of 4.565%.
For the borrowers, who are planning on making an expensive real estate investment and are hoping to get it financed through US Bank Corp, the ideal 30 year jumbo fixed rate mortgage home loans, published in its loan books, would be an ideal pick at an interest rate of 4.625% and an APR yield of 4.777% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loan packages can also be acquired by bearing an interest cost of 3.750% and an APR yield of 4.008% this Tuesday.
In the variable rate financing section, the interested customers can spot the best 3 year adjustable rate mortgage home loans coming out at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. The more flexible, 5 year adjustable rate mortgage deals can be locked in at an interest rate of 2.625% today and an APR yield of 3.250% on the initial amount of 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.