In the past several weeks, there hardly have been a couple of days when US Bank Corp (NYSE: USB) made adjustments to its home loan rates, and today is certainly not one of those. As per the new mortgage information released by the bank, the benchmark 30 year fixed mortgage interest rates did not experience any change on January 29, 2014.
As of now, the standard, 30 year fixed rate mortgage home loan packages are coming out at an interest rate of 4.500% and an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals are being advertised at an interest rate of 3.500% and an APR yield of 3.811%. The interested customers can also find the shortest 10 year fixed rate mortgage trading at a rate of 3.375% and an APR yield of 3.823% today.
The borrowers, who are interested in acquiring the FHA insured home loans because of being haunted by their poor credit score of the past or heavy down payment conditions of the conventional loan options, can go for the 30 year fixed rate mortgage versions, which are now available at a rate of 4.375% and an APR yield of 4.879%. However, the short term, 15 year FHA fixed rate mortgage deals are coming out at a rate of 4.000% and an APR yield of 4.565% today.
In the jumbo financing arena, the customers interested in financing their expensive home purchase investments can spot the 30 year fixed rate mortgage loans trading at a rate of 4.625% and carrying an APR yield of 4.777%. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans are being traded at a rate of 3.750% and an APR yield of 4.008%.
The VA versions of 30 year fixed rate mortgage home loans can be acquired by dealing with an interest burden of 4.500% and an APR yield of 4.846% today. However, in the short term section, the bank also provides 15 year VA FRM home loans at a lending rate of 4.000% and an annual return rate of 4.721%. When it comes to the adjustable rate mortgage home loans, the customers can lock in the 3 year deals at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. On the more flexible end, the bank offers 5 year adjustable rate mortgage deals at a rate of 2.625% and an APR yield of 3.250% on the initial amount of loan taken from 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.