On Friday, US Bank Corp (NYSE: USB) is advertising its new purchase as well as refinancing loans at the same interest rates at yesterday. The potential home buyers who plan on meeting the US Bank Corp executives to discuss about their home financing needs will find no change in the standard 30 year fixed mortgage interest rates on December 6, 2013.
Today, the 30 year fixed rate mortgage rates continue being traded at an interest rate of 4.500% and come along with an annual percentage rate of 4.673%. In the short term lending category, the bank provides 15 year fixed rate mortgage options to the interested customers at a rate of 3.500% and an APR yield of 3.811%. For those who are looking for something with more short tenure, 10 year fixed rate mortgage loans can be an ideal choice at an interest rate of 3.375% and an APR yield of 3.823%.
For the borrowers, who have a bad credit score, finding ideal home loans through normal channels might become a bit challenging. US Bank Corp helps such borrowers by providing the FHA backed 30 year FRM loans at a rate of 4.375% and an APR yield of 4.879%. On the other hand, the somewhat shorter, 15 year FHA insured fixed rate mortgage loans come at an interest cost of 4.000% and carry an APR yield of 4.565%.
In its unique lending division, the US based lender provides VA versions of 30 year fixed rate mortgage loans at a rate of 4.500%, which yield an APR of 4.846%. However, the short tenure, 15 year VA fixed rate home financing options stand quoted at an interest rate of 4.000% and are accompanied by an APR yield of 4.721%.
Sometimes the borrowers need a big amount of loan for dealing with bigger commitments. For such mortgagors, the jumbo 30 year fixed rate mortgage deals would be an ideal option at a rate of 4.625% and APR yield of 4.777%. The lender also provides a short term, 15 year version of the 30 year jumbo FRM plans at a rate of 3.750%, which come along with an APR yield of 4.008%.
When it comes to adjustable rate mortgages, the customers can find 5 year deals quoted at a rate of 2.250% and backed by an APR yield of 3.261%. However, the more flexible, 5 year ARM loans can be seen listed at a starting rate of 2.625% and an APR yield of 3.250% during the initial years of the loan period.
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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