JP Morgan Chase Bank (NYSE: JPM), a reputed institution in the country, decided to make minimal changes in its standard home mortgage interest rates as on August 20, 2014. On Wednesday, there were no major changes that took place in the rates of interest and so the probable home loan shoppers who were planning to visit their nearest JP Morgan Chase Bank branch for acquiring a home mortgage deal might find it a bit difficult to get lucrative interest rates. Even though there were no favorable changes in the rates, the Chase bank portfolio boasts of some really good mortgage deals.
30 year fixed rate home loan schemes at JP Morgan Chase Bank (NYSE: JPM) have been quoted at a rate of interest of 4.250% today yielding a decent annual percentage rate of 4.334%. The shorter variants of these loans, the famous 15 year fixed rate mortgage schemes can be acquired at 3.500% rate of interest in addition to an APR of 3.609%. The APR on both the mortgage schemes too experienced little or no changes.
The bank even offers flexible options in the name of adjustable rate mortgage schemes which are available in two different variants. The 5 year ARMs at JP Morgan Chase Bank are being listed at 3.500% interest rate in addition to an APR of 3.100%. The 7 year variants of the ARMs are quoted at 3.625% interest rates with a starting annual percentage rate of 3.225%.
As far as the refinancing options are concerned, the standard 30 year refinance loans are available at 4.125% interest rate at JP Morgan Chase Bank in addition to an APR of 4.230%. The short term 15 year refinancing options stand at 3.375% yielding an annual percentage rate of 3.502%. The 5 year refinance adjustable rate mortgage schemes at Chase Bank can be acquired for 3.125% interest rate and an APR of 2.948%. The 7 year ARMs on the other hand can be had at 3.250% rate of interest and an annual percentage rate of 3.069%.
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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