Following a different path rather than trailing the other American mortgage lenders, US Bank Corp (NYSE: USB) always manages to find a way to keep its mortgage interest rates firm for the interested borrowers. Walking down the same road, the bank made no change to its benchmark 30 year fixed mortgage interest rates on January 14, 2014.
As of now, in the long term lending division, the standard, 30 year fixed rate mortgage home loan packages are being advertised at an interest rate of 4.500% and an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans are quoted at a lending rate of 3.500% and are accompanied by an APR yield of 3.811% today. The borrowers can also find the best 10 year FRM deals being traded at a lending rate of 3.375% and carrying an APR yield of 3.823%.
The borrowers, who are haunted by their poor credit scores of the past, the US based lender offers FHA insured 30 year fixed rate mortgage options at an impressive lending price of 4.375% and an APR yield of 4.879%. The shorter, 15 year FHA fixed rate mortgage home loans can be had at an interest rate of 4.000% and an APR yield of 4.565%.
For the mortgage shoppers, who are seeking financial assistance from US Bank Corp for funding their expensive home purchases, the 30 year jumbo FRM deals would be an ideal pick at an interest cost of 4.625% and an APR yield of 4.777%. The short term, 15 year jumbo fixed rate home loans are also up for grabs at a lending cost of 3.750% and an APR yield of 4.008% today.
The VA versions of 30 year fixed rate mortgage options are published in the bank’s loan books against a lending price of 4.500% and an APR yield of 4.846%. The relatively shorter, 15 year fixed rate mortgage home loans can be locked in at a starting rate of 4.000% and an APR yield of 4.721%.
As far as the adjustable rate mortgage deals are concerned, the borrowers can find the 5 year flexible options being traded at an interest cost of 2.250% and an APR yield of 3.261%. However, the more flexible, 7 year ARM deals can be acquired by bearing a starting interest cost 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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