Of all the mortgage lenders operating in the US financial market, US Bank Corp (NYSE: USB) is the one that holds a distinct image in the eyes of the borrowers for its steady pricing approach. Staying loyal to its goodwill, the bank today made no changes in the benchmark 30 year fixed mortgage interest rates quoted in the most up to date mortgage information, released by the bank on July 11, 2014.
This Friday, the standard, long term, 30 year fixed rate mortgage loan offerings are now up for grabs at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. In the short term home financing section, the 15 year fixed rate mortgage home loan deals can be seen listed in the bank’s books against an interest rate of 3.500% and an annual percentage yield of 3.811%. For the interested borrowers, the bank publishes its shortest, 10 year fixed rate mortgages, in the loan portfolio, at a lending price of 3.375% and an APR yield of 3.823%.For the potential home buyers, who are facing issues in securing conventional home loans due to their lower credit score, or inability to service the expensive down payments, the FHA approved 30 year fixed rate mortgage schemes would be ideal at an interest price of 4.375% and an annual return rate of 4.879%. For the borrowers with short term financing needs, the lender is now offering its 15 year FHA fixed rate mortgage home loans at an interest rate of 4.000 % and an APR of 4.565% this Friday.
The mortgage shoppers with expensive financing needs can secure the jumbo versions of the popular 30 year fixed rate mortgage home loan plans, which are being traded at an interest rate of 4.625% and an APR yield of 4.777%. The relatively shorter, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loan packages are now up for grabs at an interest rate of 3.750% and an APR yield of 4.008%.
When it comes to variable rate financing category, the customers can spot the best 3 year adjustable rate mortgage home loan options being listed next to an interest rate of 2.250% and APR yield of 3.261% to start with. The more flexible, 5 year adjustable rate home loans can now be secured at an interest rate of 2.625% and an APR yield of 3.250% during the initial years of the home loan period.
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.