As it has become evident from the latest mortgage publications of some major US lenders in the past couple of days, the benchmark 30 year fixed mortgage interest rates have been touching new heights slowly, but surely. JP Morgan Chase Bank (NYSE: JPM) also adjusted its mortgage interest rates a bit on December 5, 2013.
This Thursday, the interested customers can find the standard 30 year fixed rate home loans published against an interest charge of 4.625% and an annual percentage rate of 4.733%. For those who are looking for short term financing options, the bank provides 15 year FRM deals at a rate of 3.875% and an APR yield of 4.003%.
The borrowers who are looking for more flexibility in terms of interest rates, the American lender provides 5 year adjustable rate mortgage loans at a lending rate of 3.375%, which yield an APR of 3.128%. On the other hand, the more flexible, 7 year ARM options stand quoted at an interest rate of 3.750% and carry an APR of 3.363% today.
The standard interest cost of obtaining a 30 year refinancing FRM loans is now quoted at 4.625% today, along with an APR yield of 4.722%. The popular, short term, 15 year refinancing fixed rate mortgage deals come quoted at a rate of 3.625% and an APR yield of 3.789%.
For the customers interested in enjoying more variable interest rates, the 5 year refinancing adjustable rate mortgage loans come at a starting rate of 3.250% and carry an APR yield of 3.084%. However, the 7 year refinancing ARM deals come along with an interest rate of 3.625% and yield an APR of 3.293%.
JP Morgan Chase Bank, lately, warned about 465000 holders of the prepaid cash cards that are issued by the bank about their personal and sensitive information being accessed by a group of hackers who attacked the bank’s network earlier in July. However, now, the bank has detected another breach in its security network in the middle of September and has reported to the law enforcement agencies regarding the same.
The cash cards were generally issued for the corporations to help them pay their employees, and to the government agencies for issuing unemployment benefits, tax refunds and a great deal of other benefits. The law enforcement agencies are investigating as to which accounts were exactly involved and what information was accessed by the hackers.
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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