Today, the mortgage rate on the popular 30 year Fixed Rate Mortgage loan provided by the US Bank Corp (NYSE:USB) has been registered at 4.500% and bears an APR (annual percentage rate) of 4.673%. Also, the popular Jumbo 30 year FRMs at US Bank Corp stand listed at a rate of 4.625% and provides an annual percentage return of 4.777%.
For the wannabe homeowners, especially the ones who are dealing with a low credit score situation, the bank provides a 30 year Federal Housing Administration (FHA) loan at an interest rate starting at 4.375% and yields an APR of 4.879%. Regarding the VA version mortgages offered by the US Bank Corp, the 30 year fixed rate mortgage loan might be an attractive option for certain mortgagors after being quoted at a rate of 4.500%, along with an APR of 4.846%.
Coming to the short term product portfolio of the US Bank Corp, the 15 year traditional fixed rate mortgage loan stands up for the grabs for the interested borrowers at a rate of 3.500%, along with an APR yield of 3.811%. Talking about the FHA version of the 15 year fixed rate mortgage loans, the bank quoted a rate of 4.000%, which carries an APR of 4.565%. The Jumbo loan deals in the 15 year category can be easily obtained at a rate of 3.750% and yield an APR of 4.008% today.
For the interested borrowers, the 15 year VA fixed rate loan comes at an interest rate of 4.000% and provides an APR of 4.721%. When it comes to the 10 year fixed rate mortgage loans, the bank quotes a starting rate of 3.375% and an APR yield of 3.823%. Under the Adjustable Rate Mortgage department, the bank published a rate of 2.250% and offers an APR of 3.261% for its 3 year FRM options. On the other hand, the 5 year ARM loan options stand fixed at a rate of 2.625% and an APR of 3.250%.
US Bank Corp provides a wide range of loan options for purchasing new homes or for refinancing needs at impressive rates. Today’s mortgage rates discussed above are calculated on the basis of an assumption that the borrowers have a strong credit standing.
The quoted mortgage loan rates are subject to change depending upon the mortgage backed securities. With the changes in the prices of these securities in the stock market, the bank’s interest rates are also subjected to change without any prior notice. Stock markets lost their ground at the day’s end and closed DJIA index at 15337.70. The bank stocks tracked with the market action and gained a higher standing by +0.49% and reached the mark of 36.95.
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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