Connect with us

Mortgage Interest Rates Show No Change at US Bank Corp on March 6, 2014

Mortgage Interest Rates Show No Change at US Bank Corp on March 6, 2014

Business

Mortgage Interest Rates Show No Change at US Bank Corp on March 6, 2014

Just like every other mortgage lender operating in the American market, US Bank Corp (NYSE: USB) chose to make no changes to its benchmark 30 year fixed mortgage interest rates on March 6, 2014. According to the new mortgage information made available for the customers today, the fixed as well as flexible home loan deals are still being traded at the same lending rates as yesterday.

Starting off with the long term offerings of US Bank Corp, the interested customers can find the 30 year fixed rate mortgage loans being published at an interest rate of 4.500% and an annual percentage rate of 4.673% in the standard home loan section of the bank’s books. However, in the short term lending category, the mortgage shoppers can spot the 15 year fixed rate mortgage home loans being advertised at an interest price of 3.500% and an APR yield of 3.811% today.

The borrowers, who are planning on making an expensive home investment and are seeking help from US Bank Corp to finance their expensive dream, can go for the 30 year jumbo fixed rate mortgage home loan plans, which are now published at an interest cost of 4.625% and an APR yield of 4.777%. However, in the short term lending section, the 15 year jumbo fixed rate mortgage loan schemes are being traded at an interest rate of 3.750% and an APR yield of 4.008% today.

For the potential home buyers, who are finding it difficult to secure a conventional home loan because of their poor credit score of the past or the inability to deal with the heavy down payment conditions, US Bank Corp is
currently offering its FHA backed 30 year fixed rate mortgage loans at an interest rate of 4.375% and an APR yield of 4.879%. However, the short term, 15 year FHA fixed rate mortgage home loans can be secured at an interest price of 4.000% and an APR yield of 4.565%.

As far as the adjustable rate mortgage options are considered, the mortgage shoppers can opt for the 3 year variable rate home loan deals, which are now coming out at a starting interest rate of 2.250% today and are backed by an annual return of 3.261% to begin with. However, the more flexible, 5 year adjustable rate mortgage home loan packages can be secured at an interest rate of 2.625% and an APR yield of 3.250% on the initial amount of home loan sanctioned by 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.

More in Business

Good News

To Top