Rowing down a steady stream, the popular American mortgage provider, US Bank Corp (NYSE: USB), decided to make no change to its pricing structure, and quoted same benchmark 30 year fixed mortgage interest rates on September 4, 2014. This Thursday, the bank offers its fixed as well as flexible home loan packages at unaltered lending rates, thereby maintaining a stable demand-sales ratio of its loan products in the market.
Today, in the standard, long term home loan section, 30 year fixed rate mortgage home loans are still listed against an interest rate of 4.500% and are accompanied by an annual percentage rate of 4.673%. For the borrowers, interested in securing short term home loan deals, the bank offers its 15 year fixed rate mortgage plans at an interest rate of 3.500% and an annual percentage yield of 3.811% this Thursday.
The potential home buyers, who are troubled by their poor credit score of the past, or are worried about servicing hefty down payments for securing conventional home loan deals, can now opt for the FHA insured 30 year fixed rate mortgage home loans, which are traded at an interest rate of 4.375% and an annual return yield of 4.879%. The shorter and less expensive, 15 year FHA fixed rate mortgage deals can now be locked in at an interest rate of 4.000% and an annual percentage rate of 4.565% today.
For the mortgage shoppers, who are interested in having their pricey realty investment funded through US Bank Corp jumbo versions of its best 30 year fixed rate home loan plans would be ideal options at an interest rate of 4.625% and an annual return rate of 4.777%. The relatively shorter, 15 year jumbo fixed rate mortgage loan deals can now be locked in at an interest rate of 3.750% and an annual return rate of 4.008%.
When it comes to the flexible home loan section, the interested borrowers can spot the best 3 year adjustable rate mortgage deals being advertised at a starting interest rate of 2.250% and an annual return rate of 3.261% during the starting years of the home loan tenure. The more flexible, 5 year variable rate home loan schemes can now be secured by bearing an interest cost of 2.625% and agreeing to an APR yield of 3.250% on the principal amount of home loan sanctioned by 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.