At the largest US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates experience a sudden hike on June 4, 2014. According to the most up to date mortgage information released by the bank this Wednesday, the borrowers, who are interested in funding the new home purchase or refinancing investment through ideal finances, will find no change in the lending rates today.
In the refinancing home loan division, the bank is currently offering its popular 30 year fixed rate mortgage home loan plans to the interested borrowers at a lending rate of 4.250% and an APR yield of 4.324% today. In the relatively shorter and less expensive lending section, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan schemes are published against an interest cost of 3.250% and an annual percentage return of 3.413% this Wednesday.
As far as the adjustable rate mortgage deals are concerned, the potential borrowers can secure the best 5 year refinancing variable rate home loans by bearing a lending cost of 3.250% and agreeing to an APR yield of 3.002% during the initial years of the home loan tenure. In the more flexible lending section, 7 year refinancing adjustable rate home loan deals are quoted at an interest rate of 3.250% and an APR yield of 3.069% on the principal amount of home loan sanctioned by the bank.
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