Following the lead of several other mortgage lenders operating in the American realty financing market, US Bank Corp (NYSE: USB) made no change to its standard 30 year fixed mortgage interest rates on January 9, 2014. The interest customers can still find the ideal home purchase and the refinancing loan options advertised at the same interest rates this Thursday.
Firstly, the benchmark, 30 year fixed rate mortgage home loan deals are coming out at an interest rate of 4.500% and are accompanied by an annual percentage rate of 4.673%. In the short term financing division, the 15 year fixed rate mortgages can be seen traded at an interest cost of 3.500% and carrying an annual return of 3.811% today. The customers can also find the shortest, 10 year fixed rate home loan plans published against a lending charge of 3.375% and an APR yield of 3.823%.
The borrowers who are troubled by their poor credit score of the past or are facing troubles in dealing with the heavy down payment requirements of the conventional home loan deals can go for the FHA approved mortgage options provided by US Bank Corp. As of now, the 30 year FHA fixed rate mortgage loans are being traded at an interest cost of 4.375% and an APR yield of 4.879%. However, the 15 year FHA FRM loans can be acquired at a lending rate of 4.000% and APR yield of 4.565%.
US Bank Corp deals with the expensive home investment needs of the borrowers through its jumbo loan offerings, for which, the customers will have to pay 4.625% as an interest payment for having 30 year fixed rate mortgage loans, and enjoying an APR yield of 4.777%. For 15 year jumbo FRM packages, the borrowers need to bear an interest burden of 3.750% and an APR yield of 4.008%.
As of now, the VA fixed rate mortgage loans are being traded at an interest rate of 4.500% and carry an APR yield of 4.846%. The short term, 15 year VA fixed rate mortgages can be had at an interest cost of 4.000% and come along with an APR yield of 4.721%.
In the adjustable rate mortgage division, the borrowers can spot the 3 year adjustable rate mortgage deals sitting next to an interest rate of 2.250% and an APR yield of 3.261%. However, the more flexible, 7 year ARM loan options are up for grabs at a starting interest cost 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.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.