At the beginning of a new trading week, the benchmark 30 year fixed mortgage interest rates at major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) remained frozen on May 12, 2014. This Monday, the bank published its standard home purchase loans and refinancing mortgage deals at the same interest rates as yesterday, thereby keeping itself from shocking the interested customers with a sudden rise or fall in the lending rates.
With regards to the standard, long term home loan offerings, the mortgage provider is now charging an interest cost of 4.250% from, and offering an annual percentage rate of 4.313% to, the borrowers, interested in securing the 30 year fixed rate mortgage home loans deals today. As far as short term mortgage options are considered, the 15 year fixed rate mortgage home loan plans can be seen traded at an interest rate of 3.375% and carrying an annual percentage yield of 3.538% today.
For the mortgage shoppers, who are interested in securing ideal finances at variable rates of interest, the 5 year adjustable rate mortgage loans would be perfect options at a lending rate of 3.375% and an APR yield of 3.056% on the principal amount of home loan secured from the bank. If more flexibility is what mortgage shoppers are looking for, the best 7 year adjustable rate home loans can be secured by bearing a lending cost of 3.500% and agreeing to an APR yield of 3.176% during the starting years of the home loan tenure.
The latest mortgage information released by the lender also revealed that refinancing options are sitting at the same spot as yesterday, without experiencing any positive or negative change today. As of now, the popular 30 year refinancing fixed rate mortgage home loans are listed against an interest rate of 4.250% and an annual percentage rate of 4.334% today. In the relatively shorter lending section, the 15 year counterparts of the 30 year refinancing fixed rate mortgage plans can be seen coming out at interest rate of 3.375% and carrying an APR yield of 3.483%.
The ideal options available in the flexible lending department also did not experience experienced any major change in terms of lending rates as compared to the previous week figures. This Monday, the 5 year refinancing adjustable rate home loan plans are up for grabs at a lending rate of 3.125% and are backed by an APR yield of 2.968%. The more flexible, 7 year refinancing variable rate home loan options can be secured at an interest rate of 3.375% and an APR yield of 3.107% today.
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