After dealing with its fair share of ups and downs for the past few weeks, the benchmark 30 year fixed mortgage interest rates are holding steady at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) on April 9, 2014. This Wednesday, the new home purchase and the refinancing home loan deals are being traded at the same interest rates as yesterday, which will certainly help the bank in enjoying a steady demand of its loan products in the market.
Today, in the long term home loan section, the bank is offering its standard, 30 year fixed rate mortgage home loans, at an interest rate of 4.500% and an annual percentage rate of 4.553% today. On the other hand, the interested borrowers can also opt for the shorter, 15 year fixed rate mortgage home loan packages, which are now being traded at an interest price of 3.625% and an APR yield of 3.753% today.
As far as the adjustable rate mortgage lending options are considered, Chase bank publishes its best 5 year variable rate home loan deals at a starting interest rate of 3.500% and an annual return rate of 3.090%. Alternatively, the more flexible, 7 year adjustable rate mortgage home loan plans can be locked in at an interest rate of 3.875% and an APR yield of 3.433% during the starting years of the home loan tenure.
Heading towards the refinancing lending section, the mortgage shoppers can spot the popular 30 year fixed rate mortgage home loans being traded at an interest rate of 4.500% and being backed by an annual return rate of 4.564%. On the other hand, for those, who are looking forward to take the shorter route for refinancing their existing investments, the bank is offering its 15 year fixed rate mortgage home loan schemes at a lending price of 3.500% and an APR yield of 3.664%.
When it comes to the adjustable rate mortgage deals, the best 5 year refinancing variable rate home loans can be locked in at an interest rate of 3.250% and an annual percentage return of 2.992% on the principal amount of home loan taken from the bank. However, the more flexible, 7 year counterparts of the 5 year refinancing adjustable rate home loan plans can be seen listed at an interest rate of 3.500% and an APR yield of 3.166% during the initial years of the home loan period.
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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