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Mortgage Interest Rates Remain Steady at US Bank Corp on March 17, 2014

Mortgage Interest Rates Remain Steady at US Bank Corp on March 17, 2014

Business

Mortgage Interest Rates Remain Steady at US Bank Corp on March 17, 2014

Moving along the same lines as last week, and weeks before that, US Bank Corp (NYSE: USB) made no relative change to its benchmark 30 year fixed mortgage interest rates on March 17, 2014. This Monday, the interested home loan seekers will find the ideal fixed and flexible home financing deals coming out at the same interest rates as last week.

Starting off with the standard, long term home financing options, the mortgage shoppers can find the 30 year fixed rate mortgage home loan deals being traded at an interest rate of 4.500% and carrying an annual percentage rate of 4.673% today. On the other hand, the short term, 15 year fixed rate mortgage home loans can be secured at an interest price of 3.500% and an APR yield of 3.811% today. The interested borrowers can also find the shortest, 10 year fixed rate home loan schemes being listed at an interest price of 3.375% and an APR yield of 3.823% in the bank’s loan books.

The potential home buyers, who are finding it difficult to acquire conventional home loans owing to their poor credit score of the past or inability to pay exorbitant down payments, can avail the benefits of the FHA backed 30 year fixed rate mortgage home loans, which are now being traded at a lending rate of 4.375% and an APR yield of 4.879%. On the other hand, the short term, 15 year FHA fixed rate mortgage home loans can be acquired at an interest rate of 4.000% and an APR yield of 4.565%.

In the exclusive home loan section, the bank caters to the need of mortgage shoppers with expensive home financing needs by offering jumbo versions of its popular 30 year fixed rate mortgage home loans at an interest cost of 4.625% and an APR yield of 4.777%. Alternatively, the short term, 15 year jumbo fixed rate mortgage home loans can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

For the borrowers, who are seeking ideal home finances at flexible interest rates, the bank publishes its 3 year adjustable rate home loans at a starting rate of 2.250% and an APR yield of 3.261% to begin with. The more flexible, 5 year adjustable rate mortgage deals can be locked in at an interest cost 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.

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