Though this Wednesday did not bring along any good news for the prospective home loan seekers, JP Morgan Chase Bank (NYSE: JPM) hasn’t really presented any reason for them to be shocked as well. The best 30 year fixed mortgage rates at the JP Morgan Chase Bank experience no change in numbers on November 20, 2013 as the bank continues to publish the same rates.
The borrowers interested in reaping the benefits of the standard 30 year fixed rate mortgage loans, Chase Bank helps them with their needs by offering impressive loan options at an interest rate of 4.375%, along with lower annual percentage yield of 4.449%. The more popular, 15 year fixed rate mortgage options have also been published at the same rates of 3.500%, but carry a little tweaked APR yield of 3.609% today.
The more flexible, ARM loan department at Chase Bank, seems to continue pleasing the potential borrowers by listing the best 5 year adjustable rate mortgage loans at a rate of 3.125% and an APR yield of 3.050% at the beginning of the loan period. The more flexible, 7/1 adjustable rate mortgage options are now published at a rate of 3.500% and come along with an APR yield of 3.244% on 20 November, 2013.
For those who are seeking refinancing options as against obtaining fresh home loans, Chase Bank caters to their needs by providing the benchmark 30 year refinancing fixed rate mortgages at an interest rate of 4.375% and an APR yield of 4.449%. As far as the short tenure, 15 year refinancing fixed rate mortgages are concerned, the bank lists these loans at a rate of 3.375%, along with a little better APR yield of 3.502%.
The ARM wing deals with the customers who are looking for refinancing adjustable rate mortgage loans. As of now, the 5 year refinancing ARM loan is quoted at an interest rate of 3.125% and is accompanied by an APR yield of 3.040%. On the other hand, the 7 year adjustable rate mortgages are up for grabs at a rate of 3.3755 and yield an APR of 3.195%.
Lately, JP Morgan Chase Bank has decided to withdraw itself from the $2 billion worth China Everbright Bank Co. Hong Kong listing. Chase Bank’s sudden exit from the listing is a result of a great deal of investigations that the company faces from US Regulators, including the one involving hiring processes carried on in China. The authorities need to ensure whether bank followed improper ways to create jobs for the Asian people for enjoying a win-win situation.
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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