On Tuesday, the benchmark 30 year fixed mortgage interest rates haven’t shown any change for the new and refinancing deals available at US Bank Corp (NYSE: USB). The US Bank Corp loyalists who choose to stop by the local branches today will not find any repricing from the lender’s end and can acquire home loans at old rates without any hassle.
With the aim of providing suitable long term mortgages to the potential home buyers, US Bank Corp publishes its standard 30 year fixed rate home loans at 4.500%, which yield an APR of 4.673%. In the short term financing category, the 15 year FRM loans can be had at 3.500%, along with an APR of 3.811%. The bank also provides the shortest, 10 year FRM home loans at a rate of 3.375%, carrying an APR of 3.823%.
US Bank Corp also lists its FHA approved fixed rate home financing deals in the 30 year category at a rate of 4.375%, which are accompanied by an annual percentage return of 4.879%. The short term, 15 year, refinancing FRM deals are also insured by FHA and are given away at 4.000% and an APR of 4.565%.
In order to support the bigger dreams of potential home buyers, 30 year Jumbo fixed rate mortgages can prove to be godsend at a rate of 4.625% and carry an APR yield of 4.777%. The short term, 15 year counterpart of the 30 year Jumbo FRM schemes can be acquired at a rate of 3.750% and annual percentage yield of 4.008%.
VA versions of 30 year fixed rate mortgage loans are also included in US Bank Corp’s portfolio against a rate of 4.500% and yield an APR of 4.846%. Heading towards the 15 year wing, the VA FRM deals can be obtained at an interest charge of 4.000% and an APR yield of 4.721%.
Heading towards the adjustable rate mortgage department, US Bank Corp provides 3 year loans at a rate of 2.250% and a starting APR of 3.261%. However, the more flexible, 5 year adjustable mortgage interest rates are now published at 2.625%, along with the annual rate of 3.250%.
The mortgage rates fluctuate depending upon the price of mortgage backed bonds and securities, which move according to the stock market movements. By the end of the day, the securities market reduced by -113.35 and left the DJIA index at a mark of 15337.70.
At least today, the bank followed the direction of DJIA index and published the rates accordingly. Separately, the USB stock prices improved by +0.18 price points and closed at a new price of 36.95.
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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