Defying the normal market movement today, where several other mortgage lenders are quoting improved interest rates, US Bank Corp (NYSE: USB) chose to stay on its usual course and published same benchmark 30 year fixed mortgage interest rates on April 10, 2014. According to the recent mortgage data published by the bank, the fixed and flexible home loans are being traded at the same interests today.
As of now, the eligible customers can secure the standard, long term, 30 year fixed rate mortgage home loan plans at an interest rate of 4.500% and an annual percentage yield of 4.673% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan schemes can be had at an interest price of 3.500% and an APR yield of 3.811%. However, the shortest, 10 year fixed rate mortgage home loans, can also be found published in the loan portfolio at an interest rate of 3.375% and an APR yield of 3.823%.
For the potential home buyers, who are facing problems because of their poor credit score of the past, or insufficient funds to service the heavy down payments for acquiring conventional home loans, the bank is now offering its FHA insured 30 year fixed rate mortgage home loan deals at an interest rate of 4.375% and an APR yield of 4.879% today. On the other hand, the short term, 15 year FHA fixed rate mortgage options can be secured at an interest rate of 4.000% and an APR yield of 4.565% this Thursday.
For the mortgage shoppers, who are planning on securing expensive home loan deals from the bank to finance their bigger home investments, the jumbo version of its popular, 30 year fixed rate mortgage home loans, will be perfect at an interest rate of 4.625% and an APR yield of 4.777% today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loan schemes can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.
As far as the adjustable rate mortgage options are considered, the interested customers can spot the best 5 year variable rate home loans being traded at a starting interest rate of 2.250% and an APR yield of 3.261% to start with. Alternatively, the more flexible, 5 year adjustable rate mortgage can be had at a lending rate of 2.625% and an APR yield of 3.250% during the starting years of the home loan.
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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