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Mortgage Interest Rates at US Bank Corp Remain Flat on February 28, 2014

Mortgage Interest Rates at US Bank Corp Remain Flat on February 28, 2014

Business

Mortgage Interest Rates at US Bank Corp Remain Flat on February 28, 2014

Choosing a completely different path to walk on, US Bank Corp (NYSE: USB) decided to make no absolute change to the figures of its benchmark 30 year fixed mortgage interest rates on February 28, 2014. The eligible borrowers can lock in the ideal fixed and flexible home loans from US Bank Corp at the same lending rates today.

According to the new mortgage information released by the American lender this Friday, the standard, 30 year fixed rate long term home loans are being traded by the bank at an interest rate of 4.500% and are carrying an annual percentage rate of 4.673%. However, for those who want to travel down the shorter route, the bank publishes its 15 year fixed rate mortgage home loan deals at an interest cost of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate mortgage deals can also be acquired at an interest price of 3.375% and an APR yield of 3.823% today.

The mortgage shoppers, who are finding it difficult to secure conventional loans owing to their poor credit history or inability to deal with exorbitant down payments, can opt for the FHA approved 30 year fixed rate mortgage home loan deals, which are now coming out at an interest rate of 4.375% and an APR yield of 4.879% today. On the other hand, the relatively shorter, 15 year FHA fixed rate mortgage home loan deals can now be locked in at an interest rate of 4.000% and an APR yield of 4.565%.

For the potential home buyers, who are planning on having their expensive home purchase financed from US Bank Corp, the ideal 30 year jumbo fixed rate mortgage plans would be an ideal pick at an interest rate of 4.625% and an APR yield of 4.777% today. Alternatively, the short term, 15 year jumbo fixed rate mortgage packages are up for grabs at a lending rate of 3.750% and an APR yield of 4.008% today.

In the adjustable rate mortgage section, the bank caters to the needs of the borrowers, who are seeking flexible home loan rates, by offering its best 3 year variable rate mortgage packages at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. On the other hand, the more flexible, 5 year adjustable rate mortgage plans can be secured at an interest price of 2.625% and an APR yield of 3.250% on the primary 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.

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