Following its usual pricing policy, US Bank Corp (NYSE: USB) decided to make no relative change to its benchmark 30 year fixed mortgage interest rates on March 5, 2014. The interested customers can still spot the ideal fixed and flexible home loan deals coming out at unchanged interest rates this Wednesday.
Starting off with the standard, long term loan offerings of the bank, the 30 year fixed rate mortgage home loans can be found published at an interest rate of 4.500% and an annual percentage rate of 4.673% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan plans can be locked in at an interest rate of 3.500% and an APR yield of 3.811% today. The interested borrowers can also find the shortest, 10 year fixed rate mortgage home loan schemes coming out at an interest price of 3.375% and an APR yield of 3.823% today.
US Bank Corp also deals with the pricey home financing needs of the potential home buyers through its exclusive jumbo lending options. As of now, the interested customers will have to deal with an interest charge of 4.625% and agree to an APR yield of 4.777% for acquiring the ideal 30 year jumbo fixed rate mortgage loans. However, for securing the 15 year jumbo fixed rate mortgage loan packages, the mortgagors must bear an interest burden of 3.750% and an APR yield of 4.008%.
The borrowers, who are haunted by the ghost of their poor credit score, or are unable to deal with the exorbitant down payment conditions, while applying for the conventional home loans, can opt for the 30 year FHA backed mortgage home loan deals which are now being traded at an interest rate of 4.375% and an APR yield of 4.879%. However, the FHA insured 15 year fixed rate mortgage home loans can be had at an interest cost of 4.000% and APR yield of 4.721%.
As far as the adjustable rate mortgage home loans are considered, the prospective borrowers can find the best 3 year variable rate home loan offerings being traded at a starting interest rate of 2.250% and an APR yield of 3.261% to start with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan plans are up for grabs at a starting interest rate of 2.625% and an APR yield of 3.250% on the initial amount of home loan acquired 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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