Known for offering the most stable interest rates to its customers, US Bank Corp (NYSE: USB) lived up to its expectations and made no change to its benchmark 30 year fixed mortgage interest rates on April 24, 2014. This Thursday, the interested borrowers will find no absolute change in the interest rates, at which, the ideal fixed and flexible home loan plans are being traded at US Bank Corp.
As of now, in the standard, long term financing section, the potential home buyers can find the 30 year fixed rate mortgage home loans being advertised at an interest rate of 4.500% and being backed by an annual return rate of 4.673%. On the other hand, in the short term home financing section, the 15 year fixed rate mortgage loans are now traded at an interest rate of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate home loan deals are also offered by the bank at an interest rate of 3.375% and an APR yield of 3.823%.
The mortgagors, who are facing issues in obtaining standard home loans owing to their bad credit score of the past, or their inability to deal with expensive down payments, can reap the benefits of FHA insured 30 year fixed rate mortgage home loans, which are now listed at an interest rate of 4.375% and an APR yield of 4.879%. On the contrary, the short term, 15 year counterparts of the 30 year FHA fixed rate home loan packages can now be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.
The borrowers, who aim at having their expensive home investment financed through US Bank Corp, can opt for the jumbo variants of its popular 30 year fixed rate mortgage schemes, which are now up for grabs at an interest rate of 4.625% and an annual return rate of 4.777%. Alternatively, in the short term lending section, the 15 year jumbo fixed rate mortgage loans can be seen published against a lending price of 3.750% and an APR yield of 4.008% today.
When it comes to flexible home loan deals, the bank is now offering its 3 year adjustable rate mortgage home loan options at a starting interest rate of 2.250% and an APR yield of 3.261% today. However, the more flexible, 5 year adjustable rate home loan deals can now be locked in at a lending 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.
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