As per the new mortgage home loan charts issued by the leading US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding firm on June 17, 2014. The mortgage shoppers, who are planning on visiting the local branches of Chase bank today, in search of new home purchase or refinancing home loan options, will find them listed at the same interest rates as yesterday.
Heading towards the refinancing home loan section, the interested borrowers can now spot the popular 30 year fixed rate mortgage home loan plans being offered by the bank at an interest rate of 4.375% and an annual return rate of 4.439% today. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate home loan options are now up for grabs at an interest rate of 3.375% and an annual percentage yield of 3.117% today.
As far as the adjustable rate mortgage options are concerned, the borrowers can spot the 5 year refinancing home loan schemes being traded at an interest rate of 3.375% and carrying an annual return rate of 3.006% on the principal amount of home loan sanctioned by the bank. The more flexible, 7 year refinancing adjustable rate mortgage home loan packages are now coming out at a lending rate of 3.750% and an annual percentage yield of 3.373% during the initial years of the home loan period.
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