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Today’s Mortgage Rates at US Bank Corp – May 27, 2014

Today’s Mortgage Rates at US Bank Corp – May 27, 2014

Business

Today’s Mortgage Rates at US Bank Corp – May 27, 2014

Today's Mortgage Rates at US Bank Corp - May 27, 2014Several mortgage lenders tend to alter their mortgage interest rates in the light of regular market changes and other economic factors. However, the popular mortgage provider, US Bank Corp (NYSE: USB) maintains a distinct reputation by quoting stable fixed as well as flexible home rates. In the new mortgage information released by the bank on May 27, 2014, mortgage shoppers will find no change in the benchmark 30 year fixed mortgage interest rates.

As of now, in the standard, long term home loan section, the 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.500% and are backed by an annual percentage interest rate of 4.673%. When it comes to the short term home financing options, the bank offers 15 year fixed rate mortgage home loans at an interest rate of 3.500% and an APR yield of 3.811% this Tuesday. The shortest, 10 year fixed rate mortgage plans are also listed in the loan portfolio at an interest cost of 3.375% and an APR yield of 3.823%.The potential home buyers, who are find it difficult to get hands on conventional home loans owing to their bad credit score or inability to deal with the heavy down payments, can go for the FHA insured 30 year fixed rate mortgage home loans, which are now available for an interest price of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate home loan deals can now be locked in at an interest rate of 4.000% and an APR yield of 4.565%.

For the borrowers, who are willing to fund their expensive home investment through US Bank Corp, jumbo versions of the popular 30 year fixed rate mortgage plans would be ideal options at an interest rate of 4.625% and an APR yield of 4.777%, which is certainly higher than the rates offered by conventional home loan deals. In the short term lending section, the 15 year counterparts of 30 year jumbo fixed rate mortgage plans are up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.

As far as flexible home deals are considered, the interested borrowers can opt for the best 3 year adjustable rate mortgage home loan deals at a starting interest rate of 2.250% and an annual return rate of 3.261% to start with. The more flexible, 5 year adjustable rate mortgage home loan deals can be locked in at an interest rate of 2.625% and an APR yield of 3.250%.

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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