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US Bank Corp Publishes Mortgage Home Loan Rates on February 25, 2014

US Bank Corp Publishes Mortgage Home Loan Rates on February 25, 2014

Business

US Bank Corp Publishes Mortgage Home Loan Rates on February 25, 2014

With every other mortgage provider busy in quoting hiked or reduced lending rates, US Bank Corp (NYSE: USB) managed to pull some strings and quote the same benchmark 30 year fixed mortgage interest rates on February 25, 2014. The eligible home loan shoppers can secure the ideal fixed and flexible rate mortgage options at same old interest rates this Tuesday, without the need to burn a hole in their pocket owing to the increased interest rates, as in the case of some other lenders.

As of now, the standard, long term, 30 year fixed rate mortgage loan products have been published in the bank’s books at the same interest rate of 4.500% today and continue to carry the same annual percentage rate of 4.673% today. In the short term lending section, the 15 year fixed rate mortgage plans can be seen quoted at a lending rate of 3.500% and an annual percentage yield of 3.811%. The bank also includes the shortest, 10 year fixed rate mortgages in its portfolio at a rate of 3.375% and an APR yield of 3.823%.

For the mortgage shoppers who are aiming at something large and are looking forward to obtain financial assistance from TD bank, the 30 year jumbo fixed rate mortgage plans would be an ideal pick at an interest price of 4.625% and an APR yield of 4.777%. However, the short term, 15 year variants of the 30 year jumbo fixed rate mortgage home loans can be locked in at an interest cost of 3.750% and an APR yield of 4.008% today.

The potential home buyers, who are haunted by their lower credit score of the past, or cannot deal with the heavy down payment requirements that come along the conventional home loans, can look out for the FHA versions of 30 year fixed rate mortgage schemes, which are now published against an impressive lending charge of 4.375% and an APR yield of 4.879%. The lender also provides the 15 year FHA fixed rate mortgage home loans at the book rate of 4.000%, along with an annual return rate of 4.565% today.

With the aim of catering to the flexible financing needs of the borrowers, US Bank Corp offers its best 3 year adjustable rate mortgage deals at a starting interest rate of 2.250% and APR yield of 3.261% to start with. On the other hand, the more flexible, 5 year variable home loans can be secured at an interest rate of 2.625% and an APR yield of 3.250% on the basic amount of home 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.

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