Of all the mortgage providers catering to the home financing needs of the potential US customers, US Bank Corp (NYSE: USB) has always managed to stand out from the league due to its distinct approaches. This Thursday, the bank managed to retain its position in the market by quoting unchanged benchmark 30 year fixed mortgage interest rates, as against the hiked lending rates of other mortgage lenders.
According to the recent mortgage data released by the bank on February 13, 2014, the standard, 30 year fixed rate mortgage home loans are being traded at US Bank Corp at an interest rate of 4.500% and an annual percentage rate of 4.673%. However, the relatively shorter, 15 year fixed rate mortgage home loan packages can be locked in at an interest price of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate mortgage deals can also be acquired by the interested borrowers at an interest rate of 3.375% and an APR yield of 3.823%.
The mortgage shoppers, who are facing issues in securing conventional loans to their poor credit scores or inability to make expensive down payments, can reap the benefits of the FHA approved 30 year fixed rate mortgage deals, which are being traded at an interest rate of 4.375% and an APR yield of 4.879% today. However, the short term, 15 year FHA fixed rate mortgage home loan packages can be had at a lending cost of 4.000% and an APR yield of 4.565% today.
For the borrowers, who are looking forward to purchase an expensive home and want to have it financed through US Bank Corp, the mortgage provider offers its ideal 30 year jumbo fixed rate home loans at an interest rate of 4.625% and an APR yield of 4.777% today. On the other hand, the 15 year jumbo fixed rate mortgage plans can be locked in at an interest rate of 3.750% and an APR yield of 4.008% this Thursday.
When it comes to the flexible financing options, the bank is currently offering its best 3 year adjustable rate mortgage home loans at a starting interest rate of 2.250% and an APR yield of 3.261% today. However, the more flexible, 5 year adjustable rate mortgage deals are up for grabs at an interest rate of 2.625% and an annual percentage rate of 3.250% on the initial amount of loan taken from the bank.
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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