The benchmark 30 year fixed mortgage interest rates remained firm at US Bank Corp (NYSE: USB) on January 6, 2014. A closer look into the most recent mortgage information published by the American lender online today will reveal that the new home purchase and the refinancing deals are coming out at the same home loan rates as last week.
This Monday, the potential customers can find the long term, 30 year fixed rate mortgage home loans can be found trading at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. Alternatively, the shorter, 15 year counterparts of the fixed rate mortgage deals are coming out at an interest rate of 3.500% and are backed by an annual percentage yield of 3.811% today. The customers can also find the shortest, 10 year fixed rate mortgage loans a lending rate of 3.375% and an APR yield of 3.823% published in the bank’s loan portfolio.
Sometimes, poor credit scores of the past might haunt the borrowers in the present and take things to the difficult end. For such troubled borrowers, US Bank Corp offers FHA insured 30 year fixed rate mortgage loans at a rate of 4.375% and an APR yield of 4.879%, which is a bit higher than the conventional loans. The short term, 15 year FHA fixed rate mortgage deals can be acquired at an interest rate of 4.000% and an annual return of 4.565%.
For the customers with higher home investment needs, the bank provides 30 year jumbo fixed rate mortgage interest rates of 4.625% and are backed by an APR yield of 4.777%. In the short term lending section, the 15 year jumbo fixed rate mortgage packages are priced at a rate of 3.750% and an APR yield of 4.008% today.
The VA versions of the 30 year fixed rate mortgage options can be had at a lending cost of 4.500% and an APR yield of 4.846% today. However, the 15 year VA FRM home loan deals can be acquired at an interest rate of 4.000% and an annual return of 4.721%.
In the adjustable rate mortgage department, the best 3 year ARM packaged are being traded at an interest rate of 2.250% and are backed by an APR yield of 3.261% to start with. However, the more flexible, 5 year adjustable rate mortgage plans can be had at 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.
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