JP Morgan Chase Bank (NYSE: JPM) is one of the most trusted banking facilities in the country. The bank is preferred by various potential home loan buyers who are in search of affordable home mortgage schemes. On Monday, September 15, 2014, the standard 30 year and 15 year fixed rate home mortgage schemes at Chase Bank did remained unchanged. Due to this, a lot of probably home mortgage shoppers got disappointed as they were expecting some favorable changes in the rates so that they could opt for a suitable mortgage scheme.
The standard 30 year home mortgage schemes at JP Morgan Chase Bank were quoted at 4.375% as on Monday which is more or less same to what it was yesterday. These schemes did yield an annual percentage rate of 4.471%. The 15 year fixed rate home mortgage schemes did have an interest rate of 3.625% carrying an annual percentage rate of 3.734%. The interest rate and APR on these schemes too remained unchanged today.
The bank even offers flexible home mortgage schemes in the form of adjustable rate mortgage options. The 5 year ARMs at JP Morgan Chase bank were available at 4.125% rate of interest along with an APR of 3.397% to start with. On the other hand, the long term 7 year adjustable rate mortgage schemes were listed at 3.975% interest rate and a starting annual percentage rate of 3.423%.
People interested in refinancing can easily sign up for the refinance mortgage schemes offered by the bank. The benchmark 30 year refinance home mortgage schemes today were offered at 4.250% rate of interest and an APR of 4.356%. The shorter variants of the long term refinance schemes, the 15 year schemes were published at 3.500% interest rate yielding an annual percentage rate of 3.609%. The flexible 5 year refinance ARMs at Chase Bank were officially listed at 3.375% rate of interest and an APR of 3.128% as on Monday, September 15, 2014. The 7 year ARMs refinance schemes were quoted at 3.500% rate of interest and an APR of 3.244% to begin 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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