US Bank Corp Home Mortgage Rates Remain Unaffected as the Stock Prices Touch New Heights

US Bank Corp Home Mortgage Rates Remain UnaffectedOn the Halloween night, the best 30 year fixed rate mortgage rates did not scare away the borrowers from the home financing schemes of the US Bank Corp (NYSE: USB). Today, the bank published its 30 year fixed rate mortgage plans at 4.500% interest rate and an annual percentage rate of 4.673%. Also, the shorter, 10 year fixed rate plans are offered by the US Bank Corp at a rate of 3.375% and an APR of 3.823%.

For the borrowers aiming at something large, the bank also provides 30 year Jumbo fixed rate mortgage schemes at the impressive rate of 4.625%, along with an APR yield of 4.777%. The popular, short term versions of the 30 year Jumbo loans, the 15 year Jumbo fixed rate mortgages are made available at a rate of 3.750% and an APR of 4.008%.

Sometimes, the borrowers aren’t able to get their loan applications approved due to poor credit ratings. This is where the role of Federal Housing Administration (FHA) versions of 30 fixed rate mortgage schemes from US Bank Corp proves to be of great help. Today, the bank listed its 30 year FHA mortgages at an interest rate of 4.375%, along with an APR of 4.879%. Also, the VA version of the 30 year mortgages stands listed in the lender’s portfolio at a rate of 4.500%, carrying an annual percentage rate of 4.846%.

The lender also provides the short term 15 year versions of the FHA FRMs starting at a rate of 4.000% and having an APR of 4.565%. The VA versions of the 15 year fixed rate mortgages can be obtained by bearing a rate of 4.000% today and an APR yield of 4.721%. US Bank Corp also specializes in the adjustable rate mortgage wing and provides the 3/1 year ARM schemes at a starting rate of 2.250% today, along with an APR of 3.261%. For the borrowers looking for more flexibility, the 5 year ARM plans are also up for grabs at an interest rate of 2.625% and an annual percentage rate of 3.250%.

The published mortgage rates are certainly influenced by the price of mortgage backed securities and bonds, which work in accordance with the market movements. The stock market plummeted before the day’s end, thereby putting the DJIA at a lower mark of 15337.70. The mortgage rates of US Bank Corp also tracked the movement along the Wall Street and moved likewise. Not affected by this, the stock price of the US Bank Corp strengthened in the market and reached an upper scale of 36.95.

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.