At one of the most popular US based mortgage lenders, US Bank Corp (NYSE: USB), the benchmark 30 year fixed mortgage interest rates didn’t experience any positive or negative change on August 13, 2014. In the most up to date mortgage data released by the lender today, the ideal new home purchase and refinancing home loan packages can be seen advertised at the same interest rates as yesterday.
To start with, in the long term home financing section, the potential home buyers can spot the standard 30 year fixed rate mortgage home loans coming out at an interest rate of 4.500% and being backed by an annual percentage rate of 4.673% this Wednesday. The short term, 15 year fixed rate mortgage home loans are also advertised at the same interest rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage packages can be seen highlighted in the bank’s portfolio at a lending price of 3.375% and an APR yield of 3.823%.
The mortgage shoppers, who are unable to acquire conventional home loans due to their poor credit history or the inability to pay for with expensive down payments, can go for the FHA insured 30 year fixed rate mortgage home loans, which are now published at an interest rate of 4.375% and an annual percentage yield of 4.879% today. In the short term lending section, the customers can spot the 15 year FHA fixed rate mortgage home loans being traded at an interest rate of 4.000% and an APR yield of 4.565%.
The mortgage shoppers, who are looking forward to secure finances for purchasing expensive homes, can opt for the 30 year jumbo fixed rate mortgage home loans, which are now listed at an interest rate of 4.625% and an annual percentage yield of 4.777% today. The shorter and less expensive, 15 year jumbo fixed rate mortgages are now up for grabs at an interest price of 3.750% and an annual return of 4.008% this Wednesday.
In the flexible home financing department, the bank is currently offering its popular, 3 year adjustable rate mortgage loans, at a starting rate of 2.250% and an APR yield of 3.261% during the starting years of the home loan period. The more flexible, 5 year adjustable rate mortgage deals can be secured by bearing an interest rate of 2.625% and an APR yield of 3.250% to begin with.
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.