Connect with us

US Bank Corp Keeps its Mortgage Interest Rates Unchanged on February 17, 2014

US Bank Corp Keeps its Mortgage Interest Rates Unchanged on February 17, 2014

Business

US Bank Corp Keeps its Mortgage Interest Rates Unchanged on February 17, 2014

Following the footsteps of its fellow mortgage providers, US Bank Corp (NYSE: USB) chose to publish its standard fixed and flexible home loan packages at the same lending rates on February 17, 2014. This Monday, which is normally embarked by a pleasant or an unpleasant change in the interest rates every week, the US based mortgage provider did not disappoint its users by hiking its home loan rates, or vice versa.

A closer look at the newly published mortgage home loan information will certainly reveal that the standard, 30 year fixed rate long term home loans are coming out at the same interest rate of 4.500% and an APR yield of 4.673% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage deals can be locked in at an interest rate of 3.500% and an APR yield of 3.811% today. However, the shortest, 10 year fixed rate mortgage home loan plans can be had at an interest price of 3.375% and annual return of 3.823% today.

The customers, who are facing troubles in securing a conventional home loan due to poor credit score of the past or heavy down payment conditions, can go for the FHA approved 30 year fixed rate mortgage home loan deals, which are now coming out 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 locked in at an interest rate of 4.000% and an annual percentage rate of 4.565% today.

When it comes to acquiring expensive home loans, US Bank Corp publishes the ideal 30 year jumbo fixed rate mortgage home loans in its loan books at an interest rate of 4.625% and an annual percentage return of 4.777%. On the other hand, the shorter, 15 year jumbo fixed rate mortgage home loan deals can be secured at an interest price of 3.750% and an annual yield of 4.008% today.

For the seekers of variable rates of interest, the bank is currently offering its best 3 year adjustable rate mortgage home loan deals at a starting interest rate of 2.250% and an annual return rate of 3.261% to begin with. However, the more flexible, 5 year adjustable rate mortgage home loan plans can be locked in at an interest cost of 2.625% and an annual percentage yield of 3.250% on the initial amount of the 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.

More in Business

Good News

To Top