As per the most up to date mortgage information made available for the mortgage shoppers, the benchmark 30 year fixed mortgage interest rates at the major mortgage lender, JP Morgan Chase Bank (NYSE: JPM), have touched a higher mark, as compared to the last week’s figures, on March 17, 2014. This Monday, the potential home buyers or refinance seekers will find the ideal home loan deals coming out at increased lending rates, which might affect the overall demand of the bank’s loan products in the present day market.
As of now, from the seekers of standard, long term, 30 year, fixed rate mortgage home loan options, the bank is charging an interest price of 4.375% and offering an annual percentage yield of 4.439% today. However, for the seekers of relatively shorter home loan deals, the bank is currently offering the best 15 year fixed rate mortgage home loan plans at an interest rate of 3.500% and an APR yield of 3.646% this Monday.
When it comes to adjustable rate mortgage division, the bank has published its best 5 year variable rate home loan packages against a starting lending charge of 3.250% and an APR yield of 3.012% to begin with. On the other hand, the borrowers, who are interested in more flexible interest rates, can opt for the ideal 7 year adjustable rate mortgage home loan plans, which are now coming out at an interest rate of 3.500% and an APR yield of 3.176% during the starting years of the home loan tenure.
Shifting sight to the refinancing home loan section, the interested mortgage borrowers can spot the popular 30 year fixed rate mortgage home loans being listed against an interest price of 4.375% and an APR yield of 4.449% today. Alternatively, the short term, 15 year refinancing fixed rate home loan options can be secured by bearing an interest cost of 3.375% and agreeing to an annual return rate of 3.520% today.
As far as the variable rate mortgage deals are considered, the bank is currently offering its best 5 year refinancing adjustable rate mortgage home loan options at a starting interest rate 3.000% and an annual percentage rate equivalent to 2.924% to begin with. However, the more flexible, 7 year refinancing adjustable rate mortgage home loan packages can be locked in at an interest price of 3.250% and an APR yield of 3.079% on the initial amount of home loan secured from 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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