Of all the major US based mortgage lenders, US Bank Corp (NYSE: USB), has always held a unique reputation among the potential home loan seekers due to its steady pricing approach. In the latest mortgage data released on August 15, 2014, the bank decided to continue trading its ideal home purchase as well as refinancing home loans at the same benchmark 30 year fixed mortgage interest rates.
At present, the standard, long term, 30 year fixed rate mortgage home loan packages are coming out at an interest rate of 4.500% and are backed by an annual percentage rate of 4.673%. For the borrowers, who are looking forward to secure shorter and less expensive loans, the bank offers its 15 year fixed rate mortgage loans at an interest rate of 3.500% and an APR yield of 3.811% today. The interested customers can also find the shortest, 10 year fixed rate mortgage home loans listed in the bank’s books at an interest rate of 3.375% and an APR yield of 3.823% this Friday.
In the exclusive home loan section, the bank is now offering its 30 year jumbo fixed rate mortgage home loans to the interested borrowers at an interest price of 4.625% and an APR yield of 4.777%. The short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.
The borrowers, who are finding it difficult to secure conventional home loans, owing to their poor credit score, or inability to deal with the heavy down payments, can opt for the FHA insured 30 year fixed rate mortgage home loan deals, which are coming out at a lending rate of 4.375% and are accompanied by an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate mortgage home loan plans are currently traded at an interest rate of 4.000% and an APR yield of 4.565% today.
As far as the more flexible rate mortgage options are concerned, the interested borrowers can spot the best 3 year adjustable rate home loans being traded at an interest rate of 2.250% and an annual return rate of 3.261% to begin with. The more flexible, 5 year flexible rate mortgage schemes are now up for grabs at a starting interest rate of 2.625% and an APR yield of 3.250% this Friday.
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.