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Mortgage Interest Rates at US Bank Corp on March 28, 2014

Mortgage Interest Rates at US Bank Corp on March 28, 2014

Business

Mortgage Interest Rates at US Bank Corp on March 28, 2014

Heading down the same, straight street, US Bank Corp (NYSE: USB) decided to publish unchanged benchmark 30 year fixed mortgage interest rates on March 28, 2014. The eligible borrowers, who are planning on visiting the local branch of US Bank Corp for acquiring ideal fixed or flexible rate home loans, will find no change in the interest rates, which is certainly a plus point for the bank in terms of stable demand of its loan products in the market.

According the newly released mortgage information by the bank, the interested customers can spot the standard, long term, 30 year fixed rate mortgage home loan deals being advertised at an interest rate of 4.500% and carrying an annual percentage rate of 4.673%. However, in the short term financing section, the bank is currently offering its 15 year fixed rate mortgage home loans at an interest cost of 3.500% and an APR yield of 3.811%. The potential borrowers can also find the shortest, 10 year fixed rate mortgage home loan deals being listed in the bank’s books against an interest charge of 3.375% and an APR yield of 3.823% today.

The customers, who are dealing with the ghost of their poor credit score of the past, or facing difficulties in acquiring conventional home loans due to the inability to make heavy down payments, can opt for the FHA insured 30 year fixed rate mortgage home loans, which are now tagged with an interest price of 4.375% and are offering an APR yield of 4.879%. On the other hand, the relatively shorter, 15 year FHA fixed rate mortgage loans can be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.

The potential home buyers, who are planning on obtaining more finances to back up their expensive home purchase, can reap the benefits of the jumbo versions of 30 year fixed rate home loans, which are now advertised at an interest price of 4.625% and an APR yield of 4.777% today. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loan packages can be secured at an interest price of 3.750% and an APR yield of 4.008%.

As far as the variable rate mortgage plans are considered, the mortgage shoppers can acquire the best 3 year adjustable rate home deals at an interest rate of 2.250% and an APR yield of 3.261%. On the other hand, the more flexible 5 year adjustable rate mortgage options are now up for grabs at a starting lending rate of 2.625% and an APR yield of 3.250% to start with.

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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