Lately, US Bank Corp (NYSE: USB) has managed to keep its mortgage interest rates stable for a long period of time in comparison to every other mortgage lender operating in the US mortgage market. Running on the same route, the US based lender kept its benchmark 30 year fixed mortgage interest rates steady on January 20, 2014.
This Monday, the potential home owners can find the standard, long term, 30 year fixed rate mortgage home loan options being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. However, the shorter, 15 year counterpart of the 30 year fixed rate mortgage home loan deals can be had at an interest rate of 3.500%, along with an annual return of 3.811% today. The customers can also find the shortest, 10 year fixed rate home loan schemes listed in the bank’s books against a lending rate of 3.375% and an APR yield of 3.823%.
The customers, who are troubled by the poor credit score of their past or are unable to comply with the heavy down payment requirements of the conventional home loan deals, can go for the FHA backed 30 year fixed rate mortgage deals, which are now traded at an interest cost of 4.375% and an APR yield of 4.879%. On the other hand, the shorter, 15 year FHA FRM home loans can be locked in at an interest cost of 4.000% and an APR yield of 4.565%.
The American lender also offers its best 30 year jumbo fixed rate home loans for the borrowers with expensive home financing needs, at an interest price of 4.625% and an APR yield of 4.777% today. The shorter, 15 year jumbo fixed rate mortgage loan packages can be locked in at an interest rate of 3.750% and an APR yield of 4.008%.
The VA versions of the 30 year fixed rate mortgage plans are now up for grabs at an interest cost of 4.500% and an APR yield of 4.846%. However, the short term, 15 year VA fixed rate home loan plans are coming out at a lending rate of 4.000% and an APR yield of 4.721%.
In the variable rate mortgage home loan division, the potential borrowers can find the best 3 year deals being traded at a starting interest rate of 2.250% and carrying an APR yield of 3.261%. On the other hand, the more flexible, 5 year adjustable rate mortgage home loan deals can be had at an interest price of 2.625% and an APR yield of 3.250% to start 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.