With the recent fall in the stock market due to the unexpected fall in the earnings, the top mortgage lender, JP Morgan Chase Bank (NYSE: JPM), published somewhat improved benchmark 30 year fixed mortgage interest rates on April 11, 2014. The qualified borrowers, who are looking forward to visit the home financing section of Chase Bank today, will find the ideal home purchase and refinancing deals being traded at the same interest rate as yesterday.
As per the most up to date mortgage information published by the bank this Friday, the customers will have to pay an interest price of 4.250% and agree to an annual percentage rate of 4.356% to secure the standard, long term, 30 year fixed rate mortgage home loans. On the other hand, the borrowers, who are searching for relatively shorter home financing deals, will have to deal with an interest burden of 3.500% and enjoy an annual return rate of 3.646% for locking in the 15 year fixed rate mortgage loans today.
When it comes to the flexible lending options, the interested customers can spot the 5 year adjustable rate mortgage home loan schemes being published against a lending charge of 3.375% and being backed by an annual percentage return of 3.036% during the initial years of the home loan period. However, the more flexible, 7 year adjustable rate mortgage options can be had at an interest rate of 3.500% and APR yield of 3.176% to start with.
Shifting sights towards the refinancing mortgage section, the potential borrowers can spot the popular 30 year fixed rate mortgage home loans being advertised at an interest rate of 4.375% and being accompanied by an annual percentage yield of 4.439% today. However, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage packages can now be locked in at an interest price of 3.375% and an APR yield of 3.575% this Friday.
For the borrowers interested in more flexible rates of interest, the bank currently offers its best, 5 year refinancing adjustable rate mortgage home loans at a starting interest cost of 3.125% and an annual percentage yield of 2.948% at the beginning of the home loan tenure. Alternatively, the seekers of more variable interest rates can secure the 7 year adjustable rate home loans at an interest rate of 3.375% and an APR yield of 3.107% 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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