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Mortgage Interest Rates Remain Flat at US Bank Corp on March 3, 2014

Mortgage Interest Rates Remain Flat at US Bank Corp on March 3, 2014

Business

Mortgage Interest Rates Remain Flat at US Bank Corp on March 3, 2014

The benchmark 30 year fixed mortgage interest rates are enjoying a steady run for yet another day at US Bank Corp (NYSE: USB) on March 3, 2014. A new month and a new trading week did not bring along any relative change in the standard fixed and flexible home loan interest rates and are published at the same figures as yesterday in the latest mortgage rate charts made available to the public today.

This Monday, the bank is charging an interest cost of 4.500% and offering an annual percentage rate of 4.673% to the borrowers who are interested in acquiring the standard 30 year fixed rate mortgage loans. On the other hand, the short term, 15 year counterparts of the 30 year fixed rate mortgage home loans can be acquired at an interest price of 3.500% and an APR yield of 3.811%. In the exclusive lending section, the bank publishes its shortest 10 year fixed rate mortgage home loans against a lending charge of 3.375% and an APR yield of 3.823% today.

The potential home buyers, who are looking forward to make a costly home investment and are hoping to get it financed from US Bank Corp, can opt for the ideal 30 year jumbo fixed rate home loans, which are now being traded at an interest rate of 4.625% and are backed by an APR yield of 4.777%. Alternatively, the shorter, 15 year jumbo fixed rate mortgage home loan schemes can be acquired at an interest price of 3.750% and an APR yield of 4.008% today.

For the home buyers, who are troubled by their poor credit score of the past, or are finding it difficult to deal with the expensive down payments, the US based mortgage lender is offering its FHA backed 30 year fixed rate mortgage loans at an interest rate of 4.375% and an annual return of 4.879%. On the other hand, the short term, FHA variants of the 15 year fixed rate mortgage home loan plans are up for grabs at an interest rate of 4.000% and an APR yield of 4.565%.

As far as the adjustable rate mortgage home loan schemes are concerned, the borrowers can see US Bank Corp offering its best 3 year variable rate home loans at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. However, the more flexible, 5 year adjustable home loan deals are now coming out at a lending rate of 2.625% and an APR yield of 3.250% on the initial amount of the loan secured 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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