At the end of this trading day, where every other mortgage lender is trying hard enough to quote stable mortgage rates, US Bank Corp (NYSE: USB) managed to keep its benchmark 30 year fixed mortgage interested unaltered on September 19, 2014. The potential home buyers, who plan on dropping by US Bank Corp to secure ideal home purchase loans will find them traded at the same lending costs as yesterday.
Starting off with the standard, long term home loan deals, 30 year fixed rate mortgage home loan deals are tagged with an interest price of 4.500% and an annual percentage rate of 4.673%. The relatively shorter, 15 year fixed rate mortgage deals can now be found listed at a lending rate of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate mortgage home loan options can also be seen published in the bank’s books at an interest cost of 3.375% and an APR yield of 3.823%.
The borrowers, who face issues in securing conventional home loans due to their poor past credit score or are finding it difficult to deal with heavy down payments, can now opt for the 30 year FHA backed fixed rate home loans, which are traded at an interest rate of 4.375% and an APR yield of 4.879%. The 15 year FHA fixed rate mortgage loans can now be locked in at a lending rate of 4.000% and an APR yield of 4.565% this Friday.
For the mortgage shoppers, who are interested in having their expensive home investments financed from US Bank Corp, jumbo variants of its popular 30 year fixed rate mortgage deals would be perfect options at an interest price of 4.625% and an APR yield of 4.777%. The relatively shorter and less expensive, 15 year jumbo fixed rate mortgage home loan packages are now coming out at an interest price of 3.750% and yield an APR of 4.008%.
In the adjustable rate mortgage section, the interested borrowers can spot the 3 year flexible home loan deals advertised at a lending rate of 2.250% and carrying an APR yield of 3.261% during the initial years of the home loan period. The more flexible, 5 year adjustable rate home loan schemes can now be secured by bearing a starting interest rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan secured from the bank.
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.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.