Chase Bank is one of the most reputed institutions in the country which are known to offer high end mortgage schemes to the potential home loan buyers. On Thursday, September 4, 2014 the bank chose to make little changes in the benchmark home mortgage fixed rate schemes which did arouse the interest of the buyers. Even though the changes were not too much, the potential home loan shoppers can opt for these schemes as they are available at pretty good rates.
The standard fixed rate mortgage schemes at JP Morgan Chase Bank (NYSE: JPM) for 30 year duration were listed at 4.250% interest rate along with an annual percentage rate of 4.356% today. The short term 15 year fixed rate mortgage schemes on the other hand were available for 3.500% interest rates in addition to an APR of 3.627%. Slight changes were experienced in the interest rates and APR on the fixed rate schemes.
The 5 year adjustable rate mortgage options at JP Morgan Chase bank were quoted at 3.875% interest rate and an APR of 3.234% to start with. The 7 year ARMs on the other hand were listed at 3.750% rate of interest and an annual percentage rate of 3.285%. The bank even offers affordable refinance schemes to the home loan buyers. The benchmark 30 year refinance fixed rate mortgage schemes did stand at an interest rate of 4.250% and an APR of 4.302%. The 15 year refinance home mortgage schemes were quoted at 3.375% interest rate along with an APR of 3.520%.
The 5 year refinance adjustable rate mortgage schemes at Chase bank were listed at 3.250% interest rate along with an APR of 3.002%. The 7 year refinance ARMs were on the books for about 3.375% rate of interest and a starting APR of 3.127%.
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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