According to the latest mortgage home loan observations, the benchmark 30 year fixed mortgage interest rates at JP Morgan Chase Bank (NYSE: JPM) haven’t changed a bit, in comparison to yesterday, on January 20, 2014. This Monday, the new home purchase and the refinancing home loan packages are coming out at the same lending rates as last week.
For the seekers of long term home purchase financing options, the US based mortgage lender is currently offering its standard, 30 year fixed rate mortgage home loan deals at an interest cost of 4.500% and an annual percentage rate of 4.575%. However, the relatively shorter, 15 year fixed rate mortgage home loan deals are coming out at an interest cost of 3.750% and are backed by an APR yield of 3.897% today.
In the adjustable rate mortgage division, the bank currently offers its best 5 year variable rate home loans at a starting interest rate of 3.500% and an APR yield of 3.172% to start with. However, for the borrowers interested in more flexibility, the bank offers its 7 year adjustable rate mortgage deals at an interest cost of 3.750% and an APR yield of 3.373% today.
Shifting interests to the refinancing lending department, the potential borrowers can find the popular 30 year fixed rate mortgage home loans being advertised at an interest cost of 4.500% and an APR yield of 4.618% today. Alternatively, the best 15 year refinancing fixed rate home loan packages are now being traded a lending cost of 3.625% and an annual return of 3.162% today.
For the seekers of variable interest rates, the bank offers its best 5 year refinancing adjustable rate mortgage packages can be had at a starting mortgage rate of 3.500% and an annual return rate equivalent to 3.162% to start with. However, the more flexible, 7 year refinancing adjustable rate mortgage deals can be acquired at an interest cost of 3.750% and an APR yield of 3.353% today.
In a competitive environment, where banks are already dealing with the economic turmoil, and are finding new and better ways to day business, the increasing number of robberies is making it far more difficult for them to get back on the right track. Lately, the Fairless Drive, Lorain branch of JP Morgan Chase Bank was robbed by an unidentified person with a handgun. The robber was wearing a gray hooded sweatshirt and a black bandana to cover his face when he stole an undisclosed amount of money 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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