Just like some of the major mortgage lenders, JP Morgan Chase Bank (NYSE: JPM) also published lower 30 year fixed mortgage interest rates on December 11, 2013. While certain kinds of loan packages are coming out with a new set of improved interest and APR rates today, there are some home loan deals that are still being traded at the old mortgage rates.
For the prospective home buyers, who are looking out for more favorable, long term financing options for purchasing a new home, the bank provides 30 year fixed rate mortgage loans at an interest rate of 4.500% and an annual percentage rate of 4.629%. Alternatively, the borrowers who are seeking for a shorter route for financing their home purchase, the bank provides 15 year fixed rate mortgage loans at an interest cost of 3.625% and an APR yield of 3.808%.
In the variable rate financing division, the borrowers can find the popular 5 year adjustable mortgage home loans quoted at a rate of 3.375% and carrying an annual percentage yield of 3.128%. However, the more flexible, 7 year adjustable rate mortgage loans are coming out with an interest charge of 3.750% and an APR yield of 3.353%.
When it comes to refinancing loan options, JP Morgan Chase Bank offers the standard 30 year fixed rate mortgage loans at an interest rate of 4.500%, which yield an APR of 4.618%. On the other hand, the 15 year refinancing fixed rate mortgage loans can be had by bearing a lending charge of 3.500% and enjoying an APR yield of 3.682% today.
The mortgagors who are willing to enjoy more flexibility in terms of home loan rates, the 5 year refinancing adjustable rate home loan options can be obtained at an interest rate of 3.250% and an APR yield of 3.074%. On the contrary, the 7 year adjustable rate mortgage loans are up for grabs at an interest cost of 3.500% and an APR yield of 3.265%.
Earlier today, the New Hempstead Road branch of JP Morgan Chase Bank was evacuated as a counter measure for protecting the employees and customers from the dangers of a possible gas leakage.
The people walking down the street smelled gas and called the New City fire department. The crew did find a gas leakage, but it took place outside the building in an underground pipe meter. Once the crew checked the building and made sure that there are no readings of gas leakage, the employees were allowed to proceed to their day-to-day work shift in an organized manner.
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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