US Bank Corp is one of the most trusted and reputed banking institutions in the country which is known to offer some of the most affordable home mortgage schemes to the buyers. On Monday, September 22, 2014 the bank decided to make no major changes to its standard 30 year and 15 year fixed rate home mortgage schemes which is why a lot of potential mortgage buyers got a little bit disappointed as they were planning to take up one of the schemes today at reduced rates.
The benchmark 30 year FRMs at US bank Corp (NYSE:USB) were being offered for an interest rate of 4.500% rate of interest in addition to an annual percentage rate of 4.673% to start with. The finest 30 year FHA fixed rate mortgage schemes were available at a starting rate of 4.375% at the bank along with an APR of 4.879%. The 15 year FHA loan deals were listed for 4.000% interest rate in addition to an APR of 4.565%.
The 30 year jumbo FRMs were listed at 4.625% interest rate today carrying a total APR of 4.777%. The 15 year jumbo schemes at the bank were available at a starting interest rate of 3.750% interest rate in addition to an APR of 4.008%. The VA 30 year home loan deals were listed at 4.500% interest rate yielding an APR of 4.846%. The short term 15 year loan interest rates at the bank begin at 3.500% rate of interest and an APR of 3.811% as on Monday, September 22, 2014. The 15 year VA FRMs interest rates stood at 4.000% to start with today and an annual percentage rate of 4.721%.
The 10 year loans at the bank were published at 3.375% interest rate yielding an APR of 3.823%. The 3 year ARM interest rates were offered at 2.250% interest rates presently showing an APR of 3.261%. The 5 year ARMs interest rates were available for 2.625% interest rate at the US Bank Corp showing an annual percentage rate of 3.250%.
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.