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Today’s Mortgage Home Loan Rates at US Bank Corp (February 24, 2014)

Today’s Mortgage Home Loan Rates at US Bank Corp (February 24, 2014)

Business

Today’s Mortgage Home Loan Rates at US Bank Corp (February 24, 2014)

Distorted by unvarying market changes and other economic factors, the benchmark 30 year fixed mortgage interest rates at US Bank Corp (NYSE: USB) experience further movement on February 24, 2014. The eligible borrowers will find the ideal fixed and flexible home loans coming out at different interest rates today, which might affect the overall demand of the loan products in the market.

As of now, according to the new mortgage information released by the bank, the standard, 30 year fixed rate long term mortgage home loans are coming out at an interest rate of 4.500% and are carrying an annual percentage interest rate of 4.673% today. When it comes to the short term home loan options, the bank is offering its best 15 year fixed rate mortgage home loans at an interest cost of 3.500% and an APR yield of 3.811% today. The shortest, 10 year fixed rate mortgage plans can also be found published the bank’s loan books against an interest cost of 3.375% and an APR yield of 3.823% today.

The potential home buyers, who are facing difficulty in securing a conventional home loan owing to their bad credit score of the past or inability to deal with the exorbitant down payment conditions, can opt for the FHA approved 30 year fixed rate mortgage home loans, which are carrying an interest rate of 4.375% today and an APR yield of 4.879%. On the other hand, the shorter, 15 year FHA fixed rate home loan deals can be locked in at an interest rate of 4.000% and an APR yield of 4.565% today.

For the borrowers with expensive home investment needs, US Bank Corp is offering its best 30 year jumbo fixed rate mortgage plans at an interest rate of 4.625% and an APR yield of 4.777%, which is certainly higher than the conventional home loans. However, the relatively shorter, 15 year jumbo fixed rate mortgage plans can be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

When it comes to the flexible home lending section, the interested borrowers can spot the best 3 year adjustable rate mortgage home loan packages being traded at a starting interest rate of 2.250% and carrying an annual return rate of 3.261% to begin with. However, the more flexible, 5 year adjustable rate mortgage home loan deals are up for grabs at an interest rate of 2.625% and an APR yield of 3.250% during the initial period of the home loan. 

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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