On Friday, August 29, 2014, the home mortgage schemes at JP Morgan Chase Bank (NYSE: JPM) did remain the same as they were on Thursday. The bank officials didn’t make any favorable or unfavorable changes in their benchmark home mortgage schemes as on August 29, 2014. All the home loan shoppers who were willing to take up attractive home mortgage schemes might get a tad disappointed with the rates.
The benchmark fixed rate mortgage schemes for 30 year at Chase bank stood at an interest rate of 4.250% in addition to an APR of 4.334%. As far as the 15 year short term fixed rate mortgage schemes are concerned they were listed at 3.500% rate of interest yielding an annual percentage rate of 3.627%. The interest rates for short term schemes too didn’t experience any changes today.
People looking for flexible mortgage schemes can opt for adjustable rate mortgage options offered by JP Morgan Chase Bank. The bank does offer these schemes in 5 year and 7 year variants. The 5 year ARMs were listed at 3.750% rate of interest in addition to an APR of 3.262%. The 7 year ARMs on the other hand stood at 3.625% interest rate and an annual percentage rate of 3.314%.
The JP Morgan Chase Bank even deals in lucrative refinance schemes that have recently attracted a lot of mortgage buyers. The 30 year refinance deals started at 4.125% interest rate and an annual percentage rate of 4.230% as on Friday. The 15 year fixed rate refinance loans were available for 3.375% interest rates carrying an APR of 3.520%.
The 5 year refinance ARMs can be had at 3.250% interest rate and an annual percentage rate of 3.074%. The 7 year long term refinance adjustable rate mortgage schemes can be acquired at an interest rate of 3.3755 in addition to an APR of 3.185%.
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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