This Wednesday, the benchmark 30 year fixed mortgage home loan rates haven’t shown any movement at US Bank Corp (NYSE: USB). The loyal as well as potential customers, who are planning on securing ideal fixed or flexible home loan deals from US Bank Corp, will find no probable change in the lending rates on February 19, 2014 and acquire the perfect plans without burdening their pockets with increased interest costs.
With the aim of offering ideal long term home loans to the interested borrowers, the bank advertised its standard 30 year fixed rate mortgage packages at an interest rate of 4.500% and an annual percentage rate of 4.673% today. On the other hand, in the relatively short home financing division, the bank is offering the best 15 year fixed rate mortgage home loan plans at an interest cost of 3.500% and an APR yield of 3.811% today. The customers can also find the shortest, 10 year fixed rate mortgage home loans coming out at an interest rate of 3.375% and an APR yield of 3.823%.
The borrowers, who are troubled by the poor credit score of their past and are finding it difficult to secure a conventional home loan because of it, or due to the inability to deal with heavy down payment requirements, can reap the benefits of the FHA approved 30 year fixed rate mortgage home loans coming out at an interest rate 4.375%, yielding an annual return rate of 4.879%, which is certainly higher than the conventional home loan deals. However, the short term, 15 year FHA backed fixed rate mortgage home loan packages can be had at an interest rate of 4.000% and an APR yield of 4.565% today.
The mortgage shoppers, with expensive home financing needs, can reach out for the ideal 30 year jumbo fixed rate mortgage home loan plans, which are now listed at an interest price of 4.625% and an APR yield of 4.777% in its home loan books today. However, the relatively shorter, 15 year jumbo fixed rate mortgage home loans are being traded at an interest rate of 3.750% and an APR yield of 4.008% today.
As far as the flexible home loan packages are concerned, the bank is now offering the best 3 year adjustable rate mortgage deals at a starting interest rate of 2.250% and an annual interest rate of 3.261% today. On the other hand, the more flexible, 5 year adjustable rate mortgage plans can be had at an interest rate of 2.625% and an APR yield of 3.250% to begin 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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