This week, for the second day in a row, US Bank Corp (NYSE: USB) chose to move along the same lines and quote unchanged benchmark 30 year fixed mortgage interest rates on March 25, 2014. This Tuesday, the qualified mortgage borrowers, who are looking forward to secure perfect home loans for their individual needs, will find no relative change in the interest rates at which the fixed and flexible home loan deals are coming out of US Bank Corp.
A closer look at the new mortgage information released by the bank will reveal that the standard, long term, 30 year fixed home loans are up for grabs at the same rate of 4.500% and are carrying an annual percentage rate of 4.673% today. For the seekers of short term home loans, the 15 year fixed rate mortgage packages would be an ideal deal at a lending rate of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan plans can also be found listed in the banks’ books against an interest rate of 3.375% and an APR yield of 3.823%.
The potential home buyers, who are finding it difficult to secure conventional home loans due to their poor credit score, or insufficient funds to deal with the heavy down payment requirements, can reap the benefits of the FHA insured 30 year fixed rate home loan options at an interest price of 4.375% and an APR yield of 4.879%. On the other hand, the relatively shorter, 15 year FHA fixed rate mortgage home loan packages are now up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.
For the borrowers with expensive home purchase needs, the bank is currently offering jumbo versions of its popular 30 year fixed rate home loans at an interest rate of 4.625% and an APR yield of 4.777%. However, for the seekers of short term financing options, the 15 year Jumbo fixed rate mortgage home loan schemes will be an ideal choice at an interest price of 3.750% and an annual percentage yield of 4.008% today.
As far as the adjustable rate mortgages are considered, the 3 year variable rate home loans can be seen coming out at a starting lending rate of 2.250% today and an APR yield of 3.261% to begin with. The 5 year adjustable rate mortgage packages, on the other hand, are now being traded at an interest rate of 2.625% and come along with 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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