At the beginning of the new trading week, the leading mortgage provider in the US, JP Morgan Chase Bank (NYSE: JPM), decided to make no change to its benchmark 30 year fixed mortgage interest rates. As per the new home loan information published by the bank on August 4, 2014, the new home purchase as well as refinancing home loan deals can today be secured at the same interest rates as towards the end of the previous week.
In the standard, long term home loan division, the potential home buyers can spot the 30 year fixed rate mortgage home loans being traded at an interest rate of 4.375% and being backed by an annual percentage rate of 4.449% today. The mortgage shoppers, who are planning on walking down a shorter road for financing their home investment, can spot the ideal 15 year fixed rate mortgage loan deals being listed at an interest price of 3.500% and accompanied by an annual return rate of 3.646% this Monday.
Moving towards the flexible home loan section, the home buyers can find the best 5 year adjustable rate mortgage home loans listed at a starting interest rate of 3.625% and backed by an APR yield of 3.217% to start with. The more flexible, 7 year adjustable rate mortgage home loans are now up for grabs at an interest rate of 3.625% and an APR yield of 3.293% on the initial amount of home loan secured from the bank.
Moving towards the refinancing home loan section, the interested borrowers can spot the popular 30 year fixed rate mortgage home loans coming out at an interest rate of 4.250% and an annual percentage yield of 4.334% today. The short term, 15 year counterparts of 30 year refinancing fixed rate mortgage home loan plans can now be locked in at an interest cost of 3.375% and an annual return rate of 3.557% this Monday.
When it comes to adjustable rate mortgage options, the bank now offers its ideal 5 year refinancing variable rate home loans at a starting interest rate of 3.125% and an APR yield of 3.040% on the principal amount of home loan sanctioned by the bank. The more flexible, 7 year refinancing adjustable rate mortgage home loan schemes can now be secured at a starting interest price of 3.250% and an APR yield of 3.147% 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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