The customers planning on visiting the major mortgage lender, JP Morgan Chase Bank (NYSE: JPM), will find no absolute change in the benchmark 30 year fixed mortgage interest rates on April 25, 2014. As of now, at the US based mortgage lender, the standard home purchase and refinancing mortgage loans can be seen coming out at the same interest rates as yesterday, without presenting any unpleasant surprises to the potential home buyers.
At the end of the trading week, the standard, long term, 30 year fixed rate mortgages can be seen coming out at the same interest rate of 4.375% and carrying an annual percentage rate of 4.492%. Likewise, the short term counterparts of the 30 year fixed rate mortgage loan deals, the 15 year fixed rate home loans, are being traded at an unchanged interest rate of 3.625% and an annual percentage return of 3.753% today.
For the borrowers, who are seeking more flexible interest rates, the bank offers its popular 5 year adjustable rate mortgage home loans at an interest rate of 3.500% and an APR yield of 3.100% on the basic amount of home loan secured from the bank. On the contrary, the more flexible, 7 year adjustable rate mortgage home loan packages can be locked in at a starting interest price of 3.625% today and an APR yield of 3.236% during the starting years of the home loan period.
In addition to the standard, home purchase schemes, Chase Bank also advertised its refinancing mortgage loans at the same lending rates as yesterday. The interested customers can spot the standard 30 year refinancing fixed rate mortgage loans being traded at an interest rate of 4.500% and an APR yield of 4.575%. Alternatively, the short term, the 15 year refinancing fixed rate mortgage plans can be locked in at an interest price of 3.500% and an APR yield of 3.664%.
When it comes to the adjustable rate mortgages options, the bank is now offering its best 5 year refinancing variable rate home loan deals at an interest rate of 3.250% and an APR yield of 3.002% during the starting years of the home loan tenure. However, for the mortgage shoppers who are keen on securing home loans with more flexible interest rates, the 7 year refinancing adjustable rate mortgage options would be an ideal pick at a lending rate of 3.375% and an APR yield of 3.138% on the principal amount of home loan secured from the bank.
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