Chase Bank (NYSE: JPM) is on the books today with the best 30 Year Fixed Rate Purchase Loan available at an increased rate of 4.500% and corresponding APR (annual percentage rate) of 4.564%.
The popular 15 Year Fixed Rate Purchase Loan is on the books today at a rate of 3.500% with a corresponding APR which increased slightly to a rate of 3.627%.
Borrowers interested in the flexible 7/1 ARM purchase rate can find it at a rate of 3.375% today with a corresponding APR value of 3.195%.
No changes in the 5/1 ARM category which holds steady at the rate of 3.000% with a corresponding APR rate of 3.006%.
Borrowers interested in refinancing their home, the 30 Year Fixed Refinance option is available today at a rate of 4.625% with an APR of 4.668%.
The 15 Year Refinancing can be had today for a rate of 3.500%, and an APR value of 3.646%.
Available today in the 7/1 ARM category is a rate of 3.625% with a corresponding APR value of 3.293%.
Borrowers interested in the 5/1 ARM home Refinance loan can expect a rate of 3.250% today, with a decreased APR of 3.094%.
Meanwhile, many in the deal sector, with the exception of JPMorgan Chase’s vice chairman and chief deal maker – James B. Lee Jr – are becoming pessimistic about the recovery in the business of mergers and acquisitions.
While Lee argues that the number of deals in 2013 was the largest it has been in years, skeptics are claiming the overall amount of transactions are down 1% to a rate of 30,126 deals.
Skeptics note that the overall number of announced transactions this year was down 1 percent as of last week, at 30,126 deals, but Mr. Lee argued that the number of big deals disclosed in 2013 is the largest it’s been in years.
Lee noted that the third-biggest deal of all time, Verizon Communications buying the 45% of the wireless section it did not own was among the biggest deals this year.
Confidence takes time to be restored,” Lee commented, “Doing big deals is like multidimensional chess, that’s why I love them.”
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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