Unlike other major mortgage providers operating in the American financial market, US Bank Corp (NYSE: USB) made no absolute change in its fixed and flexible home loan rates on February 10, 2014. Today, the eligible borrowers will be able to secure ideal home loan deals at the same benchmark 30 year fixed mortgage interest rates as yesterday.
In the standard, long term, home financing section, the bank is offering its popular 30 year fixed rate mortgage home loans at an interest rate of 4.500% and an annual percentage rate of 4.673% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals can be had at an interest rate of 3.500% and an annual return of 3.811%. The interested borrowers can also find the shortest, 10 year fixed rate home loan published in the loan books against a lending charge of 3.375% and an APR yield of 3.823% today.
The potential home buyers, who are unable to secure a conventional home loan due to their poor credit score or find it difficult to deal with the expensive down payments, can reap the benefits of the FHA backed 30 year fixed rate mortgage home loans, which are now carrying an interest rate of 4.375% and are backed by an APR yield of 4.879%. The short term, 15 year FHA fixed rate home loan deals are now carrying an interest rate of 4.000% and are backed by an APR yield of 4.565% today.
In the expensive lending section, the US based mortgage lender is offering its jumbo 30 year fixed rate mortgage deals at an interest rate of 4.625% and an APR yield of 4.777% today. However, on the other hand, the 15 year jumbo fixed rate mortgage deals are coming out at an interest rate of 3.750% and an APR yield of 4.008% today.
As of now, the bank is also providing the VA versions of 30 year fixed rate mortgage deals at an interest rate of 4.500% and an APR yield of 4.846% today. In the short term lending section, the customers can find the 15 year variants of 30 year VA fixed rate home loans can be had at a lending charge of 4.000% and an annual percentage rate of 4.721% today.
In the adjustable rate mortgage division, the interested borrowers can spot the best 3 year variable rate home loans coming out at an interest rate of 2.250% and carrying an annual return of 3.261% to begin with. However, when it comes to enjoying more flexibility, the borrowers can go for the 7 year adjustable rate mortgage deals, which are carrying a starting interest rate of 2.625% and an APR yield of 3.250%.
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.