As of now, at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding firm for the new home loan seekers. A closer look at the latest mortgage charts released by bank on April 24, 2014 will reveal that the standard home purchase and refinancing home loan deals are being traded at the same lending rates as yesterday.
To start with, in the standard, long term home financing division, the bank is now offering its 30 year fixed rate mortgage home loans at an interest rate of 4.375% and an annual percentage rate of 4.481% today. On the other hand, the borrowers, who are planning on securing short term loans, can opt for the 15 year fixed rate mortgage home loan plans, which are now coming out at an interest rate of 3.625% and an annual percentage yield of 3.753% this Thursday.
For the potential home buyers, who are looking for more flexibility in terms of interest rates, the bank offers its popular 5 year adjustable rate mortgage home loan options at a starting interest rate of 3.500% and an annual percentage yield of 3.090% today. Alternatively, the more flexible, 7 year adjustable rate mortgage loans can be locked in at a lending price of 3.625% and an APR yield of 3.225% on the principal amount of home loan taken from the bank.
Today, with regards to the refinancing arena, the overall picture remained somewhat same. As of now, the popular 30 year refinancing fixed rate mortgage home loans are being traded at an interest rate of 4.500% and are backed by an APR yield of 4.575%. On the contrary, the relatively shorter, 15 year refinancing fixed rate mortgage loans are also being traded at the same lending price of 3.500% and are accompanied by an annual return rate of 3.664% today.
As far as the adjustable rate mortgage home loan deals are considered, the interested customers can find the ideal 5 year refinancing packaged being listed against an interest cost of 3.250% and being backed by an APR yield of 2.992% during the starting years of the home loan tenure. However, the more flexible, 7 year refinancing adjustable rate mortgage home loan options are now up for grabs at an interest rate of 3.375% and an annual percentage yield of 3.127% on the basic amount of home loan secured from the bank.
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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