Maintaining its usual pace, the popular US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), quoted the same benchmark 30 year fixed mortgage interest rates on May 8, 2014. The eligible home loan seekers, who are planning on visiting the local branches of Chase Bank today in search of ideal home purchase and refinancing home loan deals, will find no change in the interest rates as compared to the interest figures quoted yesterday.
As per most up to date mortgage information provided by the American mortgage lender this Thursday, the standard, long term, 30 year fixed rate mortgage home loan options, continue to trade at the same interest rate of 4.250% and an annual percentage rate of 4.345%. With regards to the short term home loan options, the 15 year fixed rate mortgage deals are up for grabs at an interest rate of 3.500% and are backed by an annual percentage rate of 3.100% today.
When it comes to the flexible rate home loan offerings, the bank publishes its best 5 year adjustable rate home loans at an interest rate of 3.500% and an annual percentage return of 3.100% on the principal amount of home loan secured from the bank. However, in the more flexible lending section, the 7 year adjustable rate mortgage packages are being listed at an interest price of 3.625% and are backed by an APR yield of 3.225% during the starting years of the home loan tenure.
Heading towards the refinancing home loan section, the mortgage shoppers can spot the popular 30 year fixed rate mortgage loans being traded at an interest rate of 4.375% and carrying an annual percentage yield of 4.439%. However, for the seekers of relatively shorter home finances, the bank is offering 15 year refinancing fixed rate mortgage loans at an interest price of 3.375% and an APR yield of 3.520% this Thursday.
With regards to the refinancing home loan products, the 5 year adjustable rate mortgage deals are still being traded at a lending rate of 3.250% and are backed by an annual return of 2.992% during the starting years of the home loan tenure. In the more flexible category, the interested borrowers can find the 7 year refinancing adjustable rate mortgage loans being advertised at an interest rate of 3.375% and a starting annual percentage yield of 3.127% on the basic amount of home loan sanctioned by the bank.
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