Today, at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding steady, without any alternations when compared with the interest figures published yesterday. The mortgage shoppers, who plan on visiting the local branches of Chase Bank to acquire home purchase or refinancing deals, will find no change in the lending rates on April 15, 2014.
As far as the flexible rate home financing options are considered, the mortgage shoppers can find the best 5 year adjustable rate mortgage home loan schemes being advertised at a starting interest rate of 3.375% and an APR yield of 3.046% during the starting years of the home loan. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan options can be secured at an interest rate of 3.500% today and an annual percentage return of 3.187% on the principal amount of home loan taken from the bank.
Shifting sights to the refinancing home loan section, the interested borrowers can find the popular 30 year fixed rate mortgage plans being traded at an interest cost of 4.375% and carrying an annual return rate of 4.481% today. However, for the seekers of relatively shorter home loan deals, the bank is offering the best 15 year fixed rate mortgage packages at an interest rate of 3.500% and an annual percentage rate of 3.609% today.
When it comes to the adjustable rate mortgage options, the 5 year refinancing deals can be locked in by the interested borrowers at an interest price of 3.125% and an annual return rate of 2.968% on the basic amount of home loan acquired from the bank. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgage home loan deals can be acquired at an interest rate of 3.375% and an APR yield of 3.118% during the starting years of the home loan period.
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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