Fighting the volatile market conditions and the current economic scenario, the topmost US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), managed to pull some strings and quoted unchanged benchmark 30 year fixed mortgage interest rates on July 1, 2014. The qualified borrowers, who are planning on dropping by the local branches of Chase Bank to secure standard new home purchase loans or refinancing home loan deals, will find no change in the lending rates this Tuesday.
Shifting towards the refinancing home loan section, the potential mortgage shoppers can find the popular 30 year fixed rate mortgage loans being listed at a lending rate of 4.125% today and an APR yield of 4.219%. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans are now up for grabs at an interest rate of 3.125% and an APR yield of 3.305%.
For the borrowers, who are interested in flexible rate home loan deals, can now secure the best 5 year refinancing adjustable rate home loan deals, which are now traded at a starting interest rate of 3.125% and are backed by an APR yield of 2.968% during the starting years of the home loan tenure. The more flexible, 7 year refinancing adjustable rate mortgage plans are now published at an interest rate of 3.375% and are carrying an APR yield of 3.118% on the starting amount of home loan acquired from the bank.
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