This Tuesday, the benchmark 30 year fixed mortgage interest rates are now holding firm at US Bank Corp (NYSE: USB). In the most up to date mortgage information provided by the bank on July 1, 2014, the loyal and the potential customers can find the fixed and flexible home loan packages being traded at the same lending rates as yesterday, thereby not affecting the overall demand of the TD loan products in the market.
The potential home buyers, who are facing issues in securing conventional home loans owing to their poor credit score, or inability to service the expensive down payment requirements, can opt for the FHA insured, 30 year fixed rate mortgage home loan offerings, which are now coming out at a lending rate of 4.375% and an APR yield of 4.879% today. The shorter, 15 year counterparts of the 30 year FHA fixed rate mortgage home loan packages are now up for grabs at an interest rate of 4.000% and an APR yield of 4.565% this Tuesday.
Heading towards the adjustable rate mortgage section, the potential home buyers can spot the 5 year variable rate schemes coming out at a starting interest rate of 2.250% and offering an APR yield of 3.261% today. The more flexible, 5 year adjustable rate mortgage can now be locked in at an interest price of 2.625% and an APR yield of 3.250% to begin with.