Connect with us

US Bank Corp Kept its Mortgage Interest Rates Steady on February 21, 2014

US Bank Corp Kept its Mortgage Interest Rates Steady on February 21, 2014

Business

US Bank Corp Kept its Mortgage Interest Rates Steady on February 21, 2014

Just when every other major mortgage provider in the US financial market was busy quoting higher interest rates and shocking the potential borrowers, US Bank Corp (NYSE: USB) managed to pull of some strings and published unchanged benchmark 30 year fixed mortgage interest rates on February 21, 2014.

As per the new mortgage information available for the interested customers, the standard, 30 year fixed rate long term mortgage home loans are coming out of US Bank Corp at an interest rate of 4.500% and an APR yield of 4.673% today. On the other hand, in the short term lending section, the mortgage borrowers can find the 15 year fixed rate home loans being published next to a lending charge of 3.500% and an APR yield of 3.811%. The shortest, 10 year fixed rate mortgage home loan deals can also be locked in at an interest rate of 3.375% and an annual percentage rate of 3.823% today.

For the customers, who are finding it difficult to secure a conventional home loan because of the heavy down payments or their poor credit record of the past, the bank is currently offering its FHA insured 30 year fixed rate mortgage plans at an interest rate of 4.375% and an APR yield of 4.879% today. However, the relatively shorter, 15 year FHA fixed rate mortgage plans can be locked in at an interest cost of 4.000% and an annual percentage yield of 4.565% this Friday.

In the jumbo lending section, the potential home buyers with expensive home financing needs, can find the 30 year fixed rate mortgage home loan plans can be seen coming out at an interest rate of 4.625% and an annual percentage rate of 4.777% today. However, for the seekers of short term financing deals, the bank is offering the 15 year jumbo fixed rate mortgage deals at an interest rate of 3.750% and an annual return rate of 4.008% today.

As far as the adjustable rate mortgage home loans are considered, the interested mortgage shoppers can acquire the best 3 year variable rate home loans at an interest rate of 2.250% and an APR yield of 3.261% during the starting years of the loan tenure. On the other hand, the 5 year adjustable rate mortgage plans are still being traded at a starting interest price of 2.625% and carry an annual percentage yield of 3.250% on the initial amount of the 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