The conventional home loan rates remained firm at the American mortgage lender, US Bank Corp (NYSE: USB) on January 31, 2014. This Friday, the home buyers seeking attractive loan options from the vault of US Bank Corp will not no absolute change in the benchmark 30 year fixed mortgage interest rates.
Starting with the standard, long term home loan offerings, the interested customers will now have to pay an interest cost equivalent to 4.500% today and agree to an annual percentage rate of 4.673% for acquiring the 30 year fixed rate mortgage home loans from the US based mortgage lender. However, the 15 year fixed rate mortgage loans can be locked in at a rate of 3.500% and an APR yield of 3.811% today. The customers can also find the ideal 10 year fixed rate mortgage home loans trading at an interest rate of 3.375% and an APR yield of 3.823%.
For the borrowers, who are finding it hard to lock in the conventional home loan deals due to the poor credit score of the past or the inability to deal with heavy down payments, the mortgage lender provides its FHA approved 30 year fixed rate mortgage deals at a rate of 4.375% and an APR yield of 4.879%. On the other hand, the shorter, 15 year FHA fixed rate home loan plans can be had at an interest rate of 4.000% and an APR yield of 4.565% today.
In the jumbo lending section, the bank provides some impressive, 30 year fixed rate mortgage options, for the borrowers looking forward to finance their huge home investments, at a rate of 4.625% and an APR yield of 4.777% today. On the other hand, the short term, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 3.750 % and an APR yield of 4.008%.
The bank also publishes VA versions of 30 year fixed rate home loan schemes at an interest rate of 4.500% and an APR yield of 4.846%. Alternatively, the 15 year VA fixed rate mortgage deals can be locked in at a lending rate of 4.000% and an APR yield of 4.721%.
The admirers of flexible home loan rates can acquire the best, 3 year adjustable rate mortgage home loan packages at an interest cost of 2.250% today and an APR yield of 3.261% to start with. The more flexible, 5 year adjustable rate mortgage deals can be acquired by dealing with a starting interest charge 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.
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