US Bank Corp made some changes to its mortgage rates on December 3, 2013

US Bank Corp made some changes to its mortgage ratesThis Tuesday did bring about some minor fluctuations in the standard 30 year fixed mortgage interest rates at US Bank Corp (NYSE: USB) on December 3, 2013. The home loan seekers willing to drop by the lender will find the fresh home purchase and refinancing loans published at varying interest rates today.

As of now, the standard 30 year fixed rate mortgage loans are listed at an interest rate of 4.500% and are backed by an APR yield of 4.673%. In the short term division, the bank quotes its 15 year fixed rate mortgage loans against an interest cost of 3.500% and an annual percentage rate of 3.811%. The bank also provides an even shorter, 10 year fixed rate mortgage option to the interested borrowers at a rate of 3.375% and an APR yield of 3.823% today.

Usually, the mortgagors with poor credit score find difficulties to get ideal home loans. US Bank Corp caters to the needs of such borrowers by providing FHA backed 30 year fixed rate mortgage deals at against an interest cost of 4.375% and an APR yield of 4.879%, which is quite higher than the normal home loan deals. The short term, 15 year FHA fixed rate mortgage deals can be had at a rate of 4.000% and an APR yield of 4.565%.

As far as the Jumbo loans are considered, the bank provides 30 year fixed rate mortgage deals at a lending rate of 4.625% and yield an APR of 4.777%. On the other hand, the shorter, 15 year jumbo fixed rate home loan options carry an interest rate of 3.750% and an annual percentage yield of 4.008%.

The VA variants of 30 year fixed rate home loans are also listed in the bank’s books and can be obtained by bearing an interest burden of 4.500% and an APR yield of 4.846%. On the other hand, the 15 year VA FRM deals can be acquired by dealing with an interest cost of 4.000% and an annual percentage yield of 4.721%.

The borrowers who are keen on enjoying more flexibility in terms of rate of interests on home financing deals, the bank provides 3 year adjustable rate mortgage loans at an interest cost of 2.250% and an APR yield of 3.261%. However, the more flexible, 5 year ARM deals can be obtained at an interest rate of 2.625% and yield an APR of 3.250% to start with.

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.