At the time, when every other major mortgage provider is struggling hard to stabilize, or publish better mortgage rates, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) easily managed to cut down its benchmark 30 year fixed mortgage interest rates on March 14, 2014. Towards the end of the trading week, the interested customers will now find the ideal home purchase and home refinancing loan packages being advertised at lower interest rates, as compared to the yesterday’s interest figures.
At the American lender, the standard, long term, 30 year fixed rate mortgage home loan plans are now being traded at an interest rate of 4.375% and are carrying an annual percentage rate of 4.460% today. Alternatively, in the short term lending section, the customers can spot the 15 year fixed rate mortgage plans being quoted against a lending charge of 3.500% and an annual return rate of 3.664% this Friday.
When it comes to home loan deals with flexible interest rates, the bank is currently offering its best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.375% and an APR yield of 3.036% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage loan options can be locked in at an interest rate of 3.500% and an APR yield of 3.187% during the starting years of the home loan tenure.
For the mortgage shoppers, who are interested in refinancing their current investments, Chase Bank offers refinancing variants of its popular 30 year fixed rate mortgage home loan options at an interest rate of 4.375% and an APR yield of 4.471% today. However, the short term, 15 year counterpart of the 30 year refinancing fixed rate home loan deals can be acquired at a lending rate of 3.375% and an annual percentage yield of 3.557%.
As far as the adjustable rate mortgage options are considered, the potential borrowers can opt for the best 5 year refinancing variable rate home loans, which are now published against a lending charge of 3.000% and an APR yield of 2.924% to begin with. The home loan seekers can reap the benefits of the more flexible, 7 year refinancing adjustable rate mortgage home loan packages, which are available at a starting interest rate of 3.375% and are accompanied by an APR yield of 3.107% 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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