This Thursday, at the top US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates register an unpleasant movement. The qualified borrowers, who are planning on visiting the local branch of Chase bank, in search of ideal home purchase or refinancing home loan deal, will find a steep rise in the mortgage interest rates charged by the bank today.
With regards to the refinancing offerings, the mortgage shoppers can find the popular 30 year fixed rate mortgage home loan schemes being traded at an interest rate of 4.250% and an annual return rate of 4.356% today. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage deals are now up for grabs at an interest rate of 3.375% and an annual percentage yield of 3.502% today.
Heading towards the adjustable rate mortgage loan section, the potential customers can spot the best 5 year refinancing home loan deals being listed at an interest rate of 3.250% and carrying an annual percentage yield of 3.012% on the principal amount of home loan taken from the bank. The more flexible, 7 year adjustable rate mortgage deals can now be acquired be bearing an interest rate of 3.750% and an annual percentage yield of 3.353% during the initial years of the home loan tenure.
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