US Bank Corp Published Mortgage Interest Rates on March 13, 2014

US Bank Corp (NYSE: USB) decided to publish same benchmark 30 year fixed mortgage interest rates on March 13, 2014. As per the most up to date mortgage information made available by the bank, there is no change in the interest rates at which the popular fixed and flexible home loan deals are being traded this Thursday, which will certainly make the bank’s loan products popular in the market, as against the loan options offered by other mortgage lenders.  

This Thursday, the standard, long term, 30 year fixed rate mortgage home loans can be seen advertised against an interest rate of 4.500% and being backed by an annual percentage rate of 4.673%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan options can be locked in at an interest rate of 3.500% and an APR yield of 3.811% today. The home loan seekers can also spot the shortest, 10 year fixed rate mortgage deals published in the bank’s books against an interest price of 3.375% and carrying an APR yield of 3.823% today.

The customers, who are troubled by the poor credit score of their past, or cannot deal with the heavy down payment requirements of the conventional home loan deals, can reap the benefits of the FHA insured 30 year fixed rate mortgage home loan deals, which are now advertised at a lending cost of 4.375% and are carrying an APR yield of 4.879%. However, the shorter, 15 year FHA fixed rate mortgage home loan plans are up for grabs at an interest rate of 4.000% and an APR yield of 4.565% today.

The potential home loan buyers, who are planning on making an expensive home investment and looking forward to have it financed through US Bank Corp, can shop for the ideal 30 year jumbo fixed rate home loan options, which are currently being traded at an interest rate of 4.625% and are backed by an APR yield of 4.777%. Alternatively, the short term, 15 year counterparts of the 30 year jumbo fixed rate mortgage schemes can now be locked in at an interest rate of 3.750% and an APR yield of 4.008% today.

When it comes to the flexible home loan division, the interested borrowers can spot the best 3 year adjustable rate mortgage packages being published against a starting lending rate of 2.250% and offering an annual return equivalent to 3.261% to begin with. On the other hand, the more flexible, 5 year fixed rate mortgage plans are up for grabs at an interest price of 2.625% and an APR yield of 3.250% during the initial years of the home loan tenure. 

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.