Connect with us

Current Mortgage Interest Rates at US Bank Corp on April 3, 2014

Current Mortgage Interest Rates at US Bank Corp on April 3, 2014

Business

Current Mortgage Interest Rates at US Bank Corp on April 3, 2014

Following its usual pricing policy, the popular mortgage lender, US Bank Corp (NYSE: USB) did not surprise its potential customers and published unchanged benchmark 30 year fixed mortgage interest rates on April 3, 2014. Today, the interested customers will find the ideal home purchase and refinancing home loan deals coming out the same interest rates as yesterday, which is certainly in the favor of US Bank Corp in terms of steady demand of its loan products in the market.

To begin with, the long term home financing section of bank’s portfolio highlights the standard 30 year fixed rate mortgage home loan options next to an interest rate of 4.500% and an annual percentage rate of 4.673% today. However, in the short term financing category, the interested borrowers can spot the best 15 year fixed rate mortgage packages being listed against a lending charge of 3.500% and carrying an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage plans can also be found listed in the bank’s books at an interest price of 3.375% and an APR yield of 3.823% today.

For the potential home buyers, who are being thrashed by their poor credit score of the past, or their inability to make heavy down payments, the bank is offering the FHA backed 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879%. On the other hand, the 15 year FHA fixed rate mortgage home loans can be locked in at an interest cost of 4.000% and an APR yield of 4.565% today.

The borrowers, who are looking forward to have their expensive home investments financed through US Bank Corp, can find the jumbo versions of the popular 30 year fixed rate mortgage packages being traded at a lending rate of 4.625% and carrying an APR yield of 4.777%. Alternatively, in the short term home loan section, the 15 year jumbo fixed rate mortgage home loan options are listed next to an interest rate of 3.750% and an APR yield of 4.008% today.

As far as the adjustable rate mortgage loans are considered, the mortgage shoppers can spot the 3 year deals being advertised at an interest rate of 2.250% today and being backed by an annual return of 3.261% to being with. On the other hand, the more flexible, 5 year adjustable rate mortgage home loan deals can be locked in an interest rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan sanctioned by the bank.

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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

More in Business

Good News

To Top