This Monday, the benchmark 30 year fixed rate mortgage home loans at US Bank Corp (NYSE: USB) are looking calm as still water on January 13, 2014. After a long time, the standard lending rates of the new home purchase and refinancing home loans have remained unchanged, thereby maintaining the demand of home loans steady in the market.
As of now, the benchmark, 30 year fixed rate mortgage home loans are trading at an interest cost of 4.500% and carry an annual percentage rate of 4.673%. On the other hand, the short term home finances, the 15 year fixed rate mortgage deals can be had at an interest cost of 3.500% and come along with an APR yield of 3.811%.
The borrowers, who are troubled by their poor credit scores of the past and are finding it difficult to lock in an ideal home loan, can find the FHA backed 30 year fixed rate mortgage home loans trading at an interest rate of 4.375% and are yielding an annual return of 4.879%, which is higher than the conventional home loans. The 15 year, FHA insured, fixed rate mortgage home loans are carrying an interest rate of 4.000% and carry an APR yield of 4.565% today.
Mortgage shoppers who are looking forward to finance their expensive home investments can acquire the 30 year jumbo fixed rate home loans at an interest cost of 4.625% and an APR yield of 4.777%, which is definitely higher than the non-jumbo loans. The shorter, 15 year jumbo fixed rate mortgage home loan deals can be had at an interest rate of 3.750% and an APR yield of 4.008%.
The VA versions of the 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.500% and an APR yield of 4.846% today. However, the shorter, 15 year VA versions of fixed rate mortgage options are up for grabs at an interest cost of 4.000% and come along with an APR yield of 4.721%.
When it comes to adjustable rate mortgage home loan deals, the interested borrowers can find the 3 year deals trading at a lending cost of 2.250% and are backed by an APR yield of 3.261%. However, for the admirers of more flexible interest rates, the bank offers 7 year ARM home loans at an interest rate 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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