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

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

Business

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

Among all the different mortgage lenders ruling the American financial markets, US Bank Corp (NYSE: USB) holds a unique identity and a stable demand for its loan products, mainly because of its ability to control the mortgage rates for quite a longer time period. Following its usual approach, the US based mortgage lender did not make any change to its benchmark 30 year fixed mortgage interest rates only February 3, 2014.

As of now, the standard, 30 year fixed rate long term mortgage home loans are coming out at an interest rate of 4.500% and are accompanied by an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage deals can be locked in at an interest rate of 3.500% and an APR yield of 3.811% today. The interested borrowers can also find the shortest, 10 year fixed rate home loan plans coming out at an interest rate of 3.375% and an APR yield of 3.823% today.

The borrowers, who have had a poor credit score in the past and as a result, are finding it difficult to acquire a conventional home loan, can look out for the FHA approved 30 year fixed rate mortgage home loans in the bank’s loan books, which are now carrying an interest cost of 4.375% and an APR yield of 4.879%. The relatively shorter, 15 year FHA fixed rate mortgage home loan packages can be obtained by bearing an interest cost of 4.000% and an APR yield of 4.565% today.

In the expensive home loan section, the mortgage shoppers with huge home investments can spot the ideal 30 year jumbo fixed rate home loan plans being advertised at an interest rate of 4.625% and being accompanied by an APR yield of 4.777% today. On the other hand, the relatively shorter, 15 year jumbo fixed rate home loan schemes are published against an interest charge of 3.750% and an APR yield of 4.008% today.

The VA versions of 30 year fixed rate mortgage home loans can now be had at an interest rate of 4.500% and an APR yield of 4.846% from US Bank Corp. On the other hand, the short term, 15 year VA fixed rate mortgage home loan plans are coming out at an interest cost of 4.000% and an APR yield of 4.721% today.

In the flexible lending department, the bank is currently offering its ideal 3 year adjustable rate mortgage home loans at a starting interest rate of 2.250% and an APR yield of 3.261% today. On the other hand, the more flexible, 5 year adjustable rate mortgage home loans are available at an interest price of 2.625% and an APR yield of 3.250% on the initial amount of the loan taken from 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.

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