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Mortgage Interest Rates Remain Steady at US Bank Corp on March 31, 2014

Mortgage Interest Rates Remain Steady at US Bank Corp on March 31, 2014

Business

Mortgage Interest Rates Remain Steady at US Bank Corp on March 31, 2014

Known for its ability to maintain steady interest rates, US Bank Corp (NYSE: USB), again made no change to its benchmark 30 year fixed mortgage interest rates on March 31, 2014. As of now, the potential mortgage shoppers have every possible reason to opt for the ideal home purchase and refinancing loans from US Bank Corp, which are still coming out at same lending rates as yesterday.

To begin with, the standard, long term lending section in the bank’s loan portfolio highlights 30 year fixed rate mortgage home loans being listed against an interest rate of 4.500% and being backed by an annual percentage rate of 4.673% today. However, in the short term home financing category, the interested borrowers can spot the 15 year fixed rate mortgage loans published with an interest rate of 3.500% and an APR yield of 3.811%. The bank also provides its shortest, 10 year fixed rate mortgage home loan deals at an interest rate of 3.375% and an APR yield of 3.823% this Monday.  

As of now, for the borrowers, who are seeking financial assistance from US Bank Corp to deal with their bigger home purchase investments, the jumbo variants of 30 year fixed rate mortgage home loan deals could prove to be an ideal pick at a lending rate of 4.625% and an annual percentage yield of 4.777%. On the other hand, the relatively shorter, 15 year jumbo fixed rate mortgage home loan options can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

The mortgage shoppers, who are troubled by the poor credit score of their past or are finding it difficult to deal with heavy down payment terms, while acquiring conventional home loans, can opt for the FHA insured 30 year fixed rate mortgage home loans, which are now being quoted at an interest price of 4.375% and an APR yield of 4.879% today. However, in the relatively shorter lending section, the 15 year FHA fixed rate mortgage plans are listed at an interest price of 4.000% and an APR yield of 4.565% today.

As far as the flexible mortgage loans are considered, the mortgage shoppers can spot the best 3 year adjustable rate mortgage deals being traded at a rate of 2.250% today and being backed by an annual return of 3.261% to begin with. On the other hand, the 5 year adjustable rate mortgage loans can be locked in at a starting interest rate of 2.625% and an APR yield of 3.250% today.

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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