Connect with us

US Bank Corp Published Same Mortgage Interest Rates on August 12, 2014

US Bank Corp Published Same Mortgage Interest Rates on August 12, 2014

Business

US Bank Corp Published Same Mortgage Interest Rates on August 12, 2014

US Bank Corp Published Same Mortgage Interest Rates on August 12, 2014This Tuesday, the interested home buyers are not presented with any reason to prefer any other banks over and above US Bank Corp (NYSE: USB) when it comes to ideal home purchase mortgage deals. As per the new mortgage information made available by the bank on August 12, 2014, the benchmark 30 year fixed mortgage interest rates are holding firm, in comparison to the figures quoted yesterday.

Today, the standard, long term, 30 year fixed rate mortgage home loans are coming out of US Bank Corp at an interest rate of 4.500% and an APR yield of 4.673%. In the short term lending section, the mortgage shoppers can spot the 15 year fixed rate home loans being traded at a lending rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan deals can be seen traded at an interest rate of 3.375% and an annual percentage rate of 3.823% this Tuesday.

For the borrowers, who are planning on financing their expensive realty investments through US Bank Corp, jumbo variants of the popular 30 year fixed rate home loans would be an ideal pick at a firm interest rate of 4.625% and an APR yield of 4.777%. The shorter, 15 year counterparts of the 30 year jumbo fixed rate mortgage loans are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008%.

The potential home buyers, who are facing trouble in securing conventional home loans due to their bad credit score of the past, or inability to meet the heavy down payment requirements, can secure the FHA insured 30 year fixed rate mortgage packages by bearing an interest rate of 4.375% and agreeing to an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate home loans are now available at an interest cost of 4.000% and an APR yield of 4.565%.

When it comes to adjustable rate mortgage options, the best 3 year deals can be seen quoted at an interest rate of 2.250% and an annual return rate of 3.261% on the principal amount of home loan taken from the bank. For the seekers of more flexible lending rates, the 5 year adjustable rate mortgage home loans would be ideal options at an interest rate of 2.625% and an APR yield 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.

More in Business

Good News

To Top