At US Bank Corp (NYSE: USB), one of the leading banks in terms of customer convenience, the best 30 year fixed mortgage interest rates remain flat on Friday, November 22, 2013. The US based lender quoted its best new and refinancing loan deals at the same interest rates for the interested borrowers.
The standard 30 year fixed rate mortgage plans are still available at an interest rate of 4.500% and carry the same APR yield of 4.673%. Talking about the short term loans, the 15 year FRM deals are available at the rate of 3.500% and still come along with an APR yield of 3.811%. US Bank Corp also provides a unique, 10 year fixed rate mortgage loans at an interest rate of 3.375%, which carry the same APR yield of 3.823%.
For the troubled mortgagors, who cannot obtain home loans due to their poor credit scores, the bank provides FHA backed 30 fixed rate mortgage loans at a rate of 4.375% and come along with an annual percentage yield of 4.879%. However, the 15 year FHA FRM loans at a rate of 4.000% and carry an APR yield of 4.565%.
US Bank Corp is also popular among the customers due to its unique, VA variants of the 30 FRM deals that are available at an interest rate of 4.500% and come along with an APR yield of 4.846%. The relatively shorter, 15 year VA FRM home loans are available at a rate of 4.000% and yield an APR of 4.721%.
For the borrowers who are looking for bigger financing options, the bank provides 30 year Jumbo fixed rate mortgages at an interest rate of 4.625%, carrying an APR yield of 4.777%, which is certainly higher in comparison to the traditional loans. The shorter, 15 year Jumbo fixed rate mortgage loans come at an interest rate of 3.750% and come along with an annual percentage yield of 4.008%.
In the ARM division, the bank offers 3 year adjustable rate mortgage loans to the customers at an interest rate of 2.250% and yield an APR of 3.261%. However, the 5 year ARM deals can be available at a rate of 2.625% and are accompanied by an APR yield of 3.250%.
The new and refinancing mortgage rates normally fluctuate on the basis of mortgage securities that follow the stock market movements closely. By the end of the day, the stock market lost its ground and closed at the DJIA index of 15337.70.
At least this time, the mortgage rates followed the direction of DJIA index. Unaffected by the mortgage rates, the price of USB stock prices rose up to a new level of 36.95 by the end of the day.
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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