Chase Bank (NYSE: JPM) is one of the biggest financial institutions in the US that does offer the finest home mortgage schemes at discounted rates. On Monday, August 18, 2014, the JP Morgan Chase bank decided to make no favorable or unfavorable changes to its benchmark 30 year home mortgage schemes. The rates at Chase Bank remained unchanged on Monday and so the potential home mortgage shoppers looking for affordable schemes might get a bit disappointed due to no positive changes in the interest rates.
The standard 30 year fixed rate home mortgage rates are being provided at an interest rate of 4.250% in addition to an annual percentage rate of 4.302%. The short term variants of the 30 year loans too remained the same and they came in at an interest rate of 3.375% along with an annual percentage rate of 3.557%. The rate of interest on the 15 year short term fixed mortgage schemes too remained unchanged which was a little bit disappointing for the potential home loan shoppers.
The adjustable rate mortgage schemes are flexible options which do appeal to a lot of investors who are looking for more flexible mortgage schemes. The 5 year ARMs stand at a rate of interest of 3.375% at JP Morgan Chase Bank as on Monday. These loans did yield an annual percentage rate of 3.056%. The long term 7 year adjustable rate mortgage schemes were listed at an interest rate of 3.500% and an APR of 3.187%.
The standard 30 year refinance mortgage deals at JP Morgan Chase bank were available at 4.125% rate of interest and they did carry an APR of 4.198%. The famous 15 year refinance schemes were listed at 3.250% interest rate along with an APR of 3.413%. The 5 year refinance ARM loans at the JP Morgan Chase Bank start at an interest rate of 3.000% and they do carry an APR of 2.924%. The long term 7 year ARMs refinance schemes have been offered at 3.250% with an annual percentage rate of 3.049%.
As per reliable sources, Arcapita Bank, which is officially based in Bahrain has legally asked the JP Morgan Chase Bank to prepare a share listing for Viridian Group. According to rumors, the deal could offer the company a comprehensive amount of 1 billion pounds value comprising in the debts. The spokesperson at the JP Morgan Chase Bank refused to make any comment on the validity of the deal.
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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