At the end of another trading week, US Bank Corp (NYSE: USB) surprised its loyal and potential customers by making some minor changes to its benchmark 30 year fixed mortgage interest rate figures on March 14, 2014. This Friday, the interested home loan borrowers can secure ideal fixed and flexible home loans at somewhat altered interest rates, which will certainly help the bank in maintaining a decent demand of its loan products in the market.
Starting off with the standard, long term home loan offerings, US Bank Corp is currently providing the 30 year fixed rate mortgage home loan plans at an interest price of 4.500% and an annual percentage rate of 4.673% today. On the other hand, in the short term lending section, the 15 year fixed rate mortgage plans can be locked in at an interest rate of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate home loan packages can also be found listed in the bank’s loan books against a lending charge of 3.375% and an APR yield of 3.823%.
In the exclusive home loan division, the bank caters to the financing needs of the borrowers who are planning on making expensive home investments by offering jumbo versions of its best 30 year fixed rate mortgage home loans at an interest rate of 4.625% and an APR yield of 4.777% today. On the other hand, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans can now be locked in at an interest rate of 3.750% and an APR yield of 4.008%.
For the borrowers, who are facing issues in securing an ideal conventional home loan owing to their poor credit score of the past, or the inability to deal with expensive down payment condition, the bank is currently offering FHA versions of its 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879% today. Alternatively, for the mortgage shoppers who are looking forward to take the shorter route towards home financing, the 15 year FHA fixed rate home loans would be an ideal pick at an interest rate of 4.000% and an APR yield of 4.565%.
As far as the flexible lending options are concerned, the potential customers can find the best 3 year adjustable rate mortgage home loans being advertised at a starting interest rate of 2.250% and are carrying an annual percentage rate of 3.261% to start with. However, more flexible, 7 year adjustable mortgage home loan packages are up for grabs at a lending rate of 2.625% and an APR yield of 3.250% on the primary amount of loan sanctioned by 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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