Lately, with every major lender in the American market revamping the mortgage rates, US Bank Corp (NYSE: USB) managed to keep its mortgage rates grounded on November 28, 2013. The home buyers, who are interested in financing their new home purchase or refinancing needs, would be pleased to know that the standard 30 year fixed mortgage rates remain unchanged on Thursday.
Today, the standard 30 year fixed rate mortgage loans still stand quoted at a rate of 4.500% and are accompanied by an annual percentage yield of 4.673% today. On the other hand, the short term, 15 year fixed rate mortgage loans can be procured at a rate of 3.500% and carry an APR yield of 3.811%. For the admirers of even shorter home loans, the 10 year fixed rate mortgages can be obtained at an interest rate of 3.375% and an APR yield of 3.823%.
For the borrowers who would like to finance their bigger home dreams, US Bank Corp provides 30 year Jumbo fixed rate mortgage loans at a rate of 4.625% and come along with an annual percentage yield of 4.777%. However, the short term, 15 year Jumbo fixed rate mortgage loans can be acquired at a rate of 3.750% and an APR yield of 4.008%.
In some cases, the borrowers are troubled by their poor credit scores and are unable to procure ideal finances for purchasing new homes. US Bank Corp helps the home buyers by providing FHA insured 30 year fixed rate mortgage loans at a rate of 4.375% and are backed by an APR yield of 4.879%. On the other hand, the 15 year FHA FRM loans come out at a rate of 4.000% and an APR yield of 4.565%.
The US based lender also provides VA versions of the 30 year FRM deals that are published at a rate of 4.500% and provide an APR yield of 4.846%. The short term, 15 year VA variants of the fixed rate mortgage loans can be acquired at a rate of 4.000%, along with an annual percentage rate of 4.721%.
In the adjustable rate financing arena, the borrowers can procure a 3 year adjustable rate mortgage scheme at a rate of 2.250% and an APR yield of 3.261%. However, the more flexible, 5 year ARM deals come along with an interest charge of 2.625% and an annual percentage rate 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.
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