At the top US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates did experience a minor improvement on June 20, 2014, regardless of the market changes and other economic factors. The qualified borrowers, who are planning on visiting the local branch of Chase Bank this Friday, in search of ideal home purchase or refinancing mortgage deals, will find no change in the lending rates as compared to yesterday.
Towards the end of trading week, the standard, long term, 30 year fixed rate mortgage home loan packages can be seen coming out at an interest rate of 4.250% and carrying an annual return rate of 4.324% today. This Friday, the relatively shorter, 15 year fixed rate mortgage home loans can be secured by bearing an interest price of 3.375% and agreeing to an annual percentage rate of 3.502%.
As far as the variable rate home loans are concerned, the potential home buyers can spot the best 5 year adjustable rate mortgage loans being listed in the bank’s books against a starting interest rate of 3.625% and an annual percentage yield of 3.134% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loan plans are now up for grabs at a lending cost of 3.625% and an APR yield of 3.236% on the principal amount of home loan secured from the bank.
Shifting sights towards the refinancing section, the potential home loan seekers can spot the popular 30 year fixed rate mortgage home loan schemes sitting next to a lending rate of 4.250% and backed by an annual percentage yield of 4.313% today. For the borrowers, who are planning on taking the shorter route to home refinancing, the bank now offers 15 year refinancing fixed rate mortgage deals at an interest price of 3.250% and an APR yield of 3.413% this Friday.
When it comes to flexible home loan options, the bank quotes its best 5 year refinancing adjustable rate mortgage home loan plans at a starting interest rate of 3.250% and an APR yield of 3.002% on the principal amount of loan sanctioned by the bank. The relatively more flexible, 7 year adjustable rate mortgage home loans can now be locked in at an interest rate of 3.375% and an annual return of 3.127% 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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