US Bank Corp (NYSE: USB) is one of those few mortgage lenders operating in the US financial market who manage to control their respective mortgage interest rates for longer time periods. The US based mortgage lender following its usual approach and managed to keep its benchmark 30 year fixed mortgage interest rates unchanged on January 10, 2014.
A closer look at the new mortgage information released by the bank this Friday will reveal that the long term, 30 year fixed rate mortgage home loan deals are advertised at an interest cost of 4.500% and an annual percentage rate of 4.673%. However, the short term, 15 year fixed rate mortgage deals can be found listed against a lending charge of 3.500% and an APR yield of 3.811% today. The shortest, 10 year FRM loan options can also be acquired from US Bank Corp at an interest cost of 3.375% and an APR yield of 3.823%.
The borrowers, who are troubled by their poor past credit score or are finding it difficult to match the heavy down payment requirements of the conventional loans, can go for the 30 year FHA backed fixed rate home loans, which are now trading at an interest rate of 4.375% and an APR yield of 4.879%. On the other hand, the 15 year FHA fixed rate mortgage loans are now coming out at a rate of 4.000% and an APR yield of 4.565%.
For the mortgage shoppers interested in financing their expensive home investments from the American lender, the bank offers its 30 year jumbo fixed rate mortgage deals at an interest price of 4.625% and an APR yield of 4.777%. The relatively shorter, 15 year jumbo FRM packages are now tagged at an interest price of 3.750% and yield an APR of 4.008%.
The VA 30 year fixed rate mortgage home loans are now coming out at an interest rate of 4.500% and come along with an APR yield of 4.846%. On the other hand, the short term, 15 year VA variants of the FRM loans are up for grabs at an interest rate of 4.000% and are accompanied by an APR yield of 4.721%.
In the adjustable rate mortgage department, the interested borrowers can find the 3 year deals trading at a lending rate of 2.250% and carrying an APR yield of 3.261%. However, the more flexible, 5 year ARM loan schemes can be had at a starting 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.