Mortgage Interest Rates are Holding Firm at US Bank Corp on March 26, 2014

Following the pricing policy followed by almost every other mortgage lender this week, US Bank Corp (NYSE: USB) decided to continue trading its best home loan deals at the same benchmark 30 year fixed mortgage interest rates on March 26, 2014. The home buyers, who are planning on getting their home investment financed through US Bank Corp, will find the fixed and flexible home loan deals coming out at the same interest rates today.

As of now, the standard, long term, 30 year fixed rate mortgage home loan deals stand listed at an interest cost of 4.500% and are carrying an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan plans can be acquired at an interest rate of 3.500% and an APR yield of 3.811%. The 10 year fixed rate mortgage loans can also be found listed in the bank’s books against a lending charge of 3.375% and an annual return rate of 3.823%.

For the potential home buyers, who are facing troubles in acquiring conventional home loans due to their poor credit score of the past or the inability to deal with the heavy down payment conditions, the bank is currently offering its FHA insured 30 year fixed rate mortgage home loan packages at an interest rate of 4.375% and a higher APR yield of 4.879% as against the normal home loan options. On the other hand, the comparatively shorter, 15 year FHA backed fixed rate mortgage deals can be acquired at an interest rate of 4.000% and an APR of 4.565% today.

In the exclusive, jumbo home financing division, the bank has published its popular 30 year fixed rate mortgage home loan deals against an interest charge of 4.625% and an APR yield of 4.777%. However, the borrowers who are seeking short term deals can opt for the 15 year jumbo mortgage home loans, which are now being traded at an interest price of 3.750% and are accompanied by an APR yield of 4.008% today.

As far as the adjustable rate mortgage loans are concerned, the 3 year variable rate home loans deals are up for grabs at a starting interest rate of 2.250% and an APR yield of 3.261% to begin with. The 5 year adjustable rate mortgage home loans, on the other hand, can be locked in at an interest rate of 2.625% and an APR yield of 3.250% on the principal amount of home loan secured 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.

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About the author

Rob is a analyst and reporter covering stocks and business news.