JP Morgan Chase bank, one of the premier banking institutions in the country decided to make no favorable or unfavorable changes in its standard home mortgage rates as on Monday, September 1, 2014. The bank did kept the interest rates on the similar level as they were on the last working day. This is the reason why the home mortgage shoppers who were willing to take up one of the mortgage schemes today might get a bit disappointed with no positive changes in the rates.
The standard 30 year home loan rates of interest at JP Morgan Chase Bank (NYSE:JPM) have been listed at 4.250% rate of interest and an annual percentage rate of 4.334% which is also unchanged. The short term 15 year loans on the other hand did came in at 3.500% interest rates yielding an annual percentage rate of 3.627%. The interest rates and APR on these loans also remained unchanged.
JP Morgan Chase Bank even offers adjustable rate mortgage schemes for 5 years and 7 years respectively. The flexible ARMs for 5 years are listed at 3.750% interest rate in addition to an APR of 3.262%. The 7 year adjustable rate mortgage schemes are listed at 3.625% rate of interest and an APR of 3.304%.
The bank even offers lucrative refinance schemes to the potential buyers. The benchmark 30 year refinance fixed rate schemes at JP Morgan Chase Bank stood at 4.125% interest rate and an APR of 4.230%. The short term 15 year refinance loan deals are precisely published at 3.375% and an annual percentage rate of 3.520%. The 5 year ARMs are being listed at 3.125% at Chase Bank with an APR of 3.050% to begin with. The 7 year refinance ARMs on the other hand were published at 3.375% rates of interest with a starting annual percentage rate of 3.175%.
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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