Owing to the changing market conditions, most mortgage lenders are always struggling hard to publish reduced or steady mortgage interest rates. The major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), managed to pull off some strings and published its ideal home purchase and refinancing mortgage deals at the same interest rates on March 13, 2014. The eligible borrowers, who plan on visiting the local office of Chase Bank in search of ideal home loans, will find no absolute change in the benchmark 30 year fixed mortgage interest rate figures today.
Starting off with the standard, long term loan offerings of Chase Bank, the 30 year fixed rate mortgage home loans are now coming out at an interest rate of 4.500% and an annual percentage rate of 4.575% today. On the other hand, in the relatively shorter home loan section, the 15 year fixed rate mortgage home loan deals can be found trading at an interest rate of 3.625% and being accompanied by an annual return rate of 3.771% this Thursday.
When it comes to flexible home loan options, the best 5 year adjustable rate mortgage deals can be found trading at a starting interest rate of 3.375% and an annual percentage yield of 3.056% to begin with. However, the more flexible, 7 year adjustable rate mortgage home loans can be seen published against a lending rate of 3.625% and an APR yield of 3.225% during the initial years of the home loan tenure.
In the refinancing home loan division, the popular 30 year fixed rate home loans can be seen published in the bank’s books against a lending rate of 4.500% and an annual return rate of 4.585% today. On the other hand, the relatively short term, 15 year refinancing fixed rate mortgage plans can be acquired at an interest price of 3.500% and an APR yield of 3.627% today.
For the mortgage shoppers, who are looking forward to enjoy more flexibility in terms of interest rates, the bank is currently offering its ideal 5 year refinancing adjustable rate mortgage packages at a lending cost of 3.125% and APR yield of 2.968% to begin with. However, in the more flexible lending section, the 7 year refinancing adjustable rate mortgage plans can be secured at a starting interest rate of 3.500% and an annual percentage rate equivalent to 3.166% on the primary amount of home loan acquired 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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