This Wednesday did not bring any favorable or unfavorable changes to the benchmark 30 year fixed mortgage interest rates at the topmost American mortgage financier, JP Morgan Chase Bank (NYSE: JPM). As per the most recent mortgage data provided by the bank on September 10, 2014, the qualified home buyers can find the standard home purchase and refinancing deals traded at the same interest rates as yesterday.
A closer look at the standard, long term home loan section of the bank’s loan books will reveal that the 30 year fixed rate mortgage deals are now listed against an interest rate of 4.250% and are backed by an annual percentage rate of 4.366% today. The relatively shorter, 15 year fixed rate mortgage home loan deals are now tagged with an interest price of 3.500% and an annual percentage rate of 3.664% this Wednesday.
Heading towards the flexible lending section, the mortgage shoppers can find the best 5 year adjustable rate home loans quoted at a starting interest rate of 4.000% and backed by an annual percentage yield of 3.352% on the principal amount of home loan sanctioned by the bank. In the more flexible lending section, 7 year adjustable rate home loans are now publishes against a lending cost of 3.750% and an annual percentage yield of 3.373% during the initial years of the home loan tenure.
When it comes to refinancing home loan options, the potential customers can spot the popular 30 year fixed rate mortgage home loan deals being advertised at an interest rate of 4.250% and being accompanied by an annual return rate of 4.313% today. For the seekers of short term and less expensive home loan options, 15 year refinancing fixed rate mortgage packages would be ideal options at an interest rate of 3.375% and an annual percentage return of 3.557%.
As far as the adjustable rate mortgage loans are considered, the best 5 year refinancing home loan plans can now be seen traded at an interest price of 3.250% and an annual return rate of 3.094% for the initial years of the home loan period. For the mortgage shoppers, who are seeking more flexible home loan packages, the bank offers 7 year refinancing adjustable rate home loans at a starting interest cost of 3.500% and an APR yield of 3.234% on the principal amount of home loan approved by the bank.
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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