In the current, unpredictable mortgage market, it is pretty difficult to hold the mortgage interest rates steady for a longer time period. However, US Bank Corp (NYSE: USB) has always managed to keep its lending rates unchanged. Following the same approach, the US based mortgage lender made no change to its benchmark 30 year fixed mortgage interest rates on January 16, 2014 as well.
In the standard, long term lending section, the bank is currently offering its 30 year fixed rate mortgage home loans at an interest rate of 4.500% and an APR yield of 4.673%. However, the short term, 15 year alternative of 30 year fixed home loan deals can be had at an interest rate of 3.500% and an APR yield of 3.811% today. The customers can also find the shortest, 10 year FRM home loans published in the bank’s loan books at an interest rate of 3.375% and an APR yield of 3.823%.
The mortgage shoppers, who are troubled by their poor credit score of the past or are finding it difficult to deal with the heavy down payment requirements of the normal loans, can go for the FHA approved 30 year fixed rate mortgage loans, which are now available at an interest rate of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate home loan plans can be had at a lending cost of 4.000% and an APR yield of 4.565% today.
The seekers of attractive home loan deals for financing their pricey home investment will find the jumbo version of the 30 year fixed rate home loan schemes being traded at an interest rate of 4.625% and an APR yield of 4.777%, which is definitely higher than the conventional home loans. The short term, 15 year jumbo FRM deals can be acquired by dealing with an interest burden of 3.750% and an annual return of 4.008%.
The VA variants of the 30 year fixed rate mortgages are up for grabs at an interest rate of 4.500% and an APR yield of 4.846% today. On the other hand, the short term, 15 year VA fixed rate mortgage loan deals can be locked in at an interest rate of 4.000% and an APR yield of 4.721%.
In the adjustable rate mortgage division, the customers can find the best 3 year mortgage deals coming out at an interest cost of 2.250% and carrying an APR yield of 3.261% to start with. However, the more flexible, 5 year home loan deals being advertised at a starting interest cost of 2.625% and an APR yield of 3.250% today.
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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