This Friday, the benchmark 30 year fixed mortgage interest rates did experience a sudden hike at the topmost US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM). According to the most up to date mortgage information made available by the bank on July 4, 2014, the ideal home purchase loan and refinancing mortgage deals are coming out at a higher interest rate in comparison to the yesterday’s figures.
Shifting sights towards the refinancing arena, interested mortgage borrowers can spot the popular 30 year fixed rate mortgage loans being advertised at an interest rate of 4.375% and an annual return rate of 4.439% this Friday. In the short term lending section, the 15 year counterparts of its 30 year refinancing fixed rate mortgage loan packages are quoted against a lending rate of 3.375% and an annual percentage rate of 3.483% today.
As far as the adjustable rate mortgage home loans are concerned, the best 5 year refinancing adjustable rate mortgage home loans can now be locked in at the same interest rate of 3.250% and are backed by an APR yield of 3.012% on the initial amount of home loan sanctioned by the bank. When it comes to more flexible home loan packages, the bank is currently offering the 7 year refinancing adjustable rate home loans at a starting interest rate of 3.500% and an APR yield of 3.176% during the starting years of the home loan period.
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