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Current Mortgage Rates at US Bank Corp on March 10, 2014

Current Mortgage Rates at US Bank Corp on March 10, 2014

Business

Current Mortgage Rates at US Bank Corp on March 10, 2014

Following the trail of its counterparts, US Bank Corp (NYSE: USB) published same benchmark 30 year fixed mortgage interest rates on March 10, 2014. The new mortgage date released by the bank brought no pleasant or unpleasant surprise for the loyal and potential customers, who can avail the fixed and flexible home loan deals at the same interest rates today.

The standard, long term 30 year fixed rate mortgage home loan plans are still being traded at an interest rate of 4.500% and are backed by an APR yield of 4.673%. However, the short term, the 15 year fixed rate mortgage home loan deals are coming out at a lending rate of 3.500% and are accompanied by an APR yield of 3.811%. The interested borrowers can also find the unique, 10 year fixed rate mortgage plans being traded at an interest rate of 3.375% and carrying an APR yield of 3.823% today.

The potential home buyers, who are finding it difficult to secure conventional home loans due to the poor credit score of the past, or inability to make exorbitant down payments, can now avail ideal finances through the FHA approved 30 year fixed rate mortgage home loan packages, which are now being published against a lending charge of 4.375% and are backed by an APR yield of 4.879%. The relatively shorter, 15 year, FHA insured fixed rate mortgage home loans are being advertised at a lending rate of 4.000% and an APR yield of 4.565% today.

The mortgage shoppers, who are planning on making a pricey home investment and are looking for ideal means of financing their expensive purchase, can opt for the ideal 30 year jumbo fixed rate mortgage home loans, which are now carrying an interest price of 4.625% and are offering an annual return rate of 4.777%. In the short term home financing section, the 15 year jumbo fixed rate mortgage loans can be locked in at an interest rate of 3.750% and an APR yield of 4.008%.

As far as the adjustable rate mortgage home loans are considered, the interested customers can opt for the best 3 year variable rate mortgage deals, which are quoted at an interest rate of 2.250% today and are offering an annual return rate of 3.261% to begin with. However, in the more flexible financing section, the 5 year adjustable rate mortgage home loans can be acquired at an interest rate of 2.625% and an APR yield of 3.250% on the initial amount of 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.

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