JP Morgan Chase Bank, is a premier banking institution in the United States of America offer exclusive home mortgage schemes at discounted rates. The bank decided to make no positive or negative changes to the standard 30 year or 15 year mortgage schemes at fixed rates. This is one of the reasons why the potential home mortgage buyers might get a bit disappointed with no major changes in the interest rates.
The finest 30 year fixed rate home mortgage interest rates were listed at 4.250% interest rate at JP Morgan Chase Bank (NYSE: JPM) yielding an annual percentage rate of 4.334% as on Tuesday, September 9, 2014. The short term variants of the 30 year fixed rate mortgage schemes at Chase Bank were offered at 3.500% rate of interest today yielding an APR of 3.609%. The APR and interest rates on the 15 year schemes too remained unchanged today.
The bank even offers flexible loan schemes to the potential home buyers who are looking or flexible interest rates on mortgage schemes. The 5 year ARM schemes at JP Morgan Chase bank as on Tuesday, September 9, 2014 stood at 3.875% interest rate and the APR is 3.224%. The long term 7 year ARMs have been listed at 3.625% rate of interest presently yielding an APR of 3.246% to start with.
The JP Morgan Chase Bank even offers refinance mortgage schemes to the home loan buyers. The 30 year standard refinance fixed rate mortgage schemes at the bank stood at 4.125% rate of interest yielding an annual percentage rate of 4.230%. The famous 15 year refinance schemes stood at 3.375% interest rate in addition to 3.502% APR. The 5 year ARM schemes were available at an interest rate of 3.250% and an annual percentage rate of 2.992%. The 7 year ARMs refinance on the other hand stood at 3.375% interest rate and an APR of 3.118% to start with.
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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