As per the new home loan information released by the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates experienced a minor change on April 30, 2014. This Wednesday, the bank published its standard home purchase as well as refinancing home loan deals at somewhat different interest rates, thereby upsetting the market demand of its loan products today.
As of now, in the standard, long-term financing section, the 30 year fixed rate mortgage home loan packages are being traded at an interest rate of 4.375% and are backed by an annual percentage rate of 4.481%. With regards to the shorter mortgage deals, the 15 year fixed rate mortgage home loan schemes are coming out at an interest price of 3.625% and an annual percentage yield of 3.753% this Wednesday.
For the mortgage shoppers, who are planning on securing ideal home loan deals at flexible rates of interests, the bank is offering its best, 5 year adjustable rate mortgage loans, which can now be locked in at an interest rate of 3.625% and an annual percentage yield of 3.134% during the starting years of the home loan tenure. If more flexibility is what the mortgage loan seekers are looking for, the 7 year adjustable rate mortgage home loan schemes can be acquired at an interest rate of 3.625% and an annual return rate of 3.246% on the principal amount of home loan secured from the bank.
The new mortgage interest rates quoted by banks go up and down on the basis of price fluctuations experienced by the mortgage backed financial bonds and securities, which normally tail the stock market movements. As the stock market lost its ground towards the end of the trading day and drove the DJIA index down to 15337.70, Chase Bank took the lead and followed the stock market blindly for quoting its interest rates. Irrespective of the mortgage rates, the stock price of COF shares moved up by +0.37 and moved up to a new level at 53.66 today.
There is a high possibility that the government is targeting the porn industry through JP Morgan Chase Bank for carrying out its secret operation of some form. Lately, porn stars like Layton Benton, Dakota Skye, Teagan Presley and Stoya revealed in public that Chase Bank closed their personal accounts without presenting any formal reason. However, there is a buzz in the market that all this is a part of a secret effort named ‘Operation Choke Point’, through which, the government is planning on suffocating 30 different industries by cutting them off completely from the financial world.
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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