Today’s Mortgage Rates at US Bank Corp (December 23, 2013)

Todays Mortgage Rates at US Bank Corp December 23 2013Of all the major mortgage lenders operating in the American market, US Bank Corp (NYSE: USB) is the one known for keeping its home purchase and refinancing mortgage rates unchanged for as long as possible. This Monday, the bank managed to quote its standard 30 year fixed rate mortgage loans at the same level as last week.

According to the recent mortgage data published by the lender on December 23, 2013, the 30 year fixed rate mortgage home loans are coming out at an interest cost of 4.500% and are backed by an APR yield of 4.673% today. In the short term lending section, the 15 year fixed rate mortgage loans are being traded at a rate of 3.500% and are accompanied by an APR yield of 4.846%. The shortest, 10 year fixed rate mortgage home loans are up for grabs at a rate of 3.375% and an APR yield of 3.823%.

The borrowers interested in obtaining larger finances for their home investment can go for the 30 year jumbo fixed rate mortgage loans, which are now available at a rate of 4.625% and come along with an annual return of 4.777% today, which is definitely higher than the APR yield of non-jumbo loans. In the short term section, the 15 year jumbo fixed rate mortgage loans can be acquired at a rate of 3.750% and an APR yield of 4.008%.

For the customers troubled by their past credit scores or heavy down payment requirements, the bank provides 30 year FHA approved fixed rate mortgage loans at a rate of 4.375%, which is accompanied by an APR yield of 4.879%. Alternatively, the shorter, 15 year FHA insured fixed rate mortgage home loans can be acquired at a rate of 4.000% and an APR yield of 4.565%.

The VA variants of the 30 year FRM deals are also listed in the loan portfolio against a lending charge of 4.500% and an APR yield of 4.846%. The short term, 15 year, counterparts of the 30 year VA FRM deals can also be had by paying an interest cost of 4.000%, which is backed by an APR yield of 4.721%.

In the adjustable rate mortgage section, the potential home buyers can find the 3 year home loan packages being rated at 2.250% and an APR yield of 3.261%. However, the 5 year loans are up for grabs at a starting 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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About the author

Rob is a analyst and reporter covering stocks and business news.