At the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding steady on April 23, 2014. The newly released mortgage information clearly suggests that the ideal home purchase and refinancing mortgage deals are coming out at same interest rates yesterday, thereby enabling the interested borrowers to secure the needed amount of home loan without paying any extra interest charges.
As of now, the standard, long term, 30 year fixed rate mortgage home loans are available at an interest rate of 4.375% and are backed by an annual percentage rate of 4.492%. On the other hand, in the short term home loan category, the 15 year fixed rate mortgage home loan offerings are being traded at an interest rate of 3.625% and an annual percentage yield of 3.771% today.
In the adjustable rate mortgage loan section, Chase Bank is now offering its best 5 year variable rate home loan plans at a lending rate of 3.500% and an annual percentage return equivalent to 3.090% during the starting years of the home loan period. As far as more flexible home loan plans are considered, bank’s home loan portfolio showcases the 7 year adjustable rate mortgage loan options being listed next to an interest rate of 3.625% and an APR yield of 3.225% on the basic amount of home loan secured from the bank.
Shifting interests towards the refinancing lending division, the interested home loan seekers can procure the popular 30 year fixed rate home loan deals at an interest rate of 4.500% and an APR yield of 4.575% today. On the contrary, in the relatively shorter lending section, the 15 year refinancing fixed rate mortgage options can be seen coming out at a lending rate of 3.500% and backed by an APR yield of 3.682%.
For the borrowers, who are seeking more flexibility in terms of interest rates, Chase Bank aims to cater their needs by offering refinancing adjustable rate mortgage options at impressive rates today. As of now, the 5 year refinancing adjustable rate mortgage loans are up for grabs at an interest rate of 3.250% and an APR yield of 2.992% on the principal amount of home loan secured from the bank. On the other hand, the more flexible, 7 year refinancing variable rate home loan schemes can be locked in at an interest rate of 3.375% and an APR yield of 3.127% today.
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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