Connect with us

Mortgage Interest Rates are Holding Firm at US Bank Corp on February 7, 2014

Mortgage Interest Rates are Holding Firm at US Bank Corp on February 7, 2014

Business

Mortgage Interest Rates are Holding Firm at US Bank Corp on February 7, 2014

Following the same approach, as it has been for the past couple of weeks, US Bank Corp (NYSE: USB) published same fixed and flexible home loan rates on February 7, 2014. The interested borrowers, who plan on dropping by the local branch of the bank in search of an ideal home loan deal, will find no change in the benchmark 30 year fixed mortgage interest rates this Friday.

Starting with the standard, long term home loan options, the potential home buyers can acquire the 30 year fixed rate mortgage home loan deals at an interest rate of 4.500% and an annual percentage rate of 4.673% today. The short term, 15 year fixed rate mortgage plans can be locked in at an interest cost of 3.500% and an APR yield of 3.811% today. The bank also offers the shortest, 10 year fixed rate home loan schemes at an interest price of 3.375% and an APR yield of 3.823% to the interested customers.

The mortgage shoppers, who are facing troubles acquiring a conventional home loan due to the bad credit score or their inability to deal with heavy down payments, can reap the benefits of the FHA insured 30 year fixed rate mortgage home loans, which are now advertised at a rate of 4.375% and an APR yield of 4.879%. However, the short term, 15 year FHA fixed rate mortgage deals can be locked in at an interest rate of 4.000% and an APR yield of 4.565%.

In the expensive home loan department, the bank is currently providing its 30 year jumbo fixed rate mortgage home loans for the borrowers, with huge financing needs, at an interest price of 4.625% and an APR yield of 4.777%. The short term, 15 year jumbo fixed rate mortgage home loans are up for grabs at an interest rate of 3.750% and an APR yield of 4.008% today.

The VA versions of 30 year fixed rate mortgage deals are tagged with an interest price of 4.500% and an APR yield of 4.846% today. On the other hand, the shorter, 15 year VA fixed rate home loans are backed by an APR yield of 4.000% and are carrying an APR yield of 4.721% to begin with.

For the admirers of adjustable rate mortgage home loans, the bank is currently offering the 3 year variable rate home loans at a starting rate of 2.250% and an APR yield of 3.261% to begin with. The 5 year adjustable rate mortgage deals can be locked in at an interest rate of 2.625% and an APR yield of 3.250% on the initial amount of 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.

More in Business

Good News

To Top