This Wednesday, the mortgage shoppers who are looking forward to secure the ideal home purchase or refinancing mortgage deals from the major US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), will be somewhat pleased to see the benchmark 30 year fixed mortgage interest rates holding the same seat as in the yesterday’s charts. Defying the market conditions, the bank did not make any change in its standard and refinancing home loan rates on February 19, 2014.
As of now, in the standard, long term, home financing section of Chase Bank, the 30 year fixed rate mortgage plans are coming out at an interest cost of 4.500% and are accompanied by an annual percentage rate of 4.564% today. However, on the contrary, in the short term home loan division, the interested customers can find the ideal 15 year fixed rate mortgage home loans being traded at an interest rate of 3.625% and carrying an APR yield of 3.789% today.
For the mortgage shoppers, who are yearning for more flexibility in terms of interest rates, the bank is currently offering its best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.375% and an APR yield of 3.056% on the initial amount of loan taken from the bank. However, the more flexible, 7 year adjustable rate mortgage plans can be locked in at an interest rate of 3.500% and an APR yield of 3.166% to begin with.
In the standard refinancing home loan section, the interested mortgagors can find the popular 30 year fixed rate mortgage home loans being advertised at a lending price of 4.500% and an APR yield of 4.564% today. For the seekers of short term, less expensive, refinancing deals, the bank publishes its best 15 year fixed rate mortgage home loan offerings against a lending charge of 3.500% and an APR yield of 3.646% today.
As far as the adjustable rate mortgage home loan deals are concerned, the bank is offering its 5 year refinancing variable home loan rates at an interest price of 3.125% and an APR yield of 2.968% today. When it comes to more flexible home loan deals, the customers can go for the 7 year refinancing adjustable rate mortgage packages, which are now traded at an interest rate of 3.375% and are backed by an annual return rate of 3.107% on the amount of loan sanctioned initially by 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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