According to the most of up to date mortgage information made available by the top mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the standard home purchase and refinancing home loans are coming out at the same interest rates on April 28, 2014. As of now, the potential home buyers, who are planning on visiting the local branches of Chase Bank, will find no absolute change in the benchmark 30 year fixed mortgage interest rates this Monday.
At the beginning of a new trading week, the interested customers can spot the standard, long term, 30 year fixed rate mortgage home loans are being traded at an interest rate of 4.375% and backed by an annual percentage rate of 4.460%. On the other hand, the borrowers, who are not comfortable with stretching their home loan debt to a period of 30 years, can opt for the relatively shorter, 15 year fixed rate mortgage packages, which are now coming out at a lending rate of 3.500% and an APR yield of 3.682% today.
In the flexible lending division, the mortgage lender offers its best 5 year adjustable rate mortgage schemes at a starting interest rate of 3.500% and an annual return rate of 3.100% on the principal amount of home loan secured from the bank. On the contrary, the more flexible, 7 year adjustable rate mortgage home loan plans can be locked in at an interest rate of 3.625% and an APR yield of 3.225% during the starting years of the home loan tenure.
As far as the refinancing home loan options are concerned, the interested customers can secure the popular 30 year fixed rate mortgage loans by dealing with an interest cost of 4.375% and agreeing to an annual percentage return of 4.481% today. However, in the short term refinancing arena, the mortgage shoppers can find the 15 year fixed rate mortgage loans are advertised at an interest rate of 3.500% and are carrying an APR yield of 3.002% this Monday.
When it comes to flexible home loan deals, the home loan seekers can find the 5 year refinancing home loan schemes being traded at a lending rate of 3.250% and an annual return rate of 3.002% today. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgage home loans can be locked in at starting interest rate of 3.375% and are backed by an APR yield of 3.138% on the basic amount of home loan taken from the bank.
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