At the Manhattan headquartered top mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding firm on March 28, 2014. Despite the regular market changes and the unstable economic factors, Chase Bank managed to keep its ideal home purchase and refinancing home loans being priced at the same interest rates for the entire week, thereby becoming a hot seller in the present day, sluggish, realty and mortgage market.
This Friday, the interested borrowers, who are keen on acquiring the standard, long term home loan deals, can opt for the 30 year fixed rate mortgage home loans, which are now being advertised at an interest rate of 4.500% and an annual percentage rate of 4.575%. On the other hand, in the short term lending section, the bank publishes its best 15 year fixed rate mortgage home loans against a lending charge of 3.750% today and an annual return rate of 3.860%.
Heading towards the flexible home financing division, the potential home buyers can spot the best 5 year adjustable rate mortgage home loan packages being traded at a starting interest cost of 3.625% and accompanied by an annual percentage yield of 3.217% during the starting years of the home loan period. Alternatively, the more flexible, 7 year adjustable rate mortgage plans can be locked in at an interest price of 3.750% and an APR yield of 3.363% to begin with.
With regards to the refinancing home loan deals, the bank is currently charging an interest price of 4.500% from and offering an annual return of 4.585% to the mortgage shoppers, who are keen on acquiring the popular 30 year fixed rate mortgage home loans today. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loan plans can be secured at a lending cost of 3.625% and an APR yield of 3.734% this Friday.
For the seekers of variable rates of interest, the bank is currently offering its best 5 year refinancing adjustable rate mortgage home loans at a starting interest rate of 3.250% and an annual percentage yield of 3.094% on the principal amount of home loan sanctioned by the bank. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan plans can be acquired by those, who are willing to bear with an interest burden of 3.500% and are fine with an annual percentage return of 3.265% during the initial years of the home loan tenure.
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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