This Friday, the topmost US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), decided to make no positive or negative change in its benchmark 30 year fixed mortgage interest rates. The qualified borrowers, who are planning on locking in ideal home loans for funding their new home purchase or refinancing investments, will find no change in the mortgage interest rates on July 11, 2014.
When it comes to the refinancing home loan section, the potential borrowers can spot the popular 30 year fixed rate mortgage home loan packages being advertised at an interest rate of 4.250% and an annual percentage return of 4.334% today. The short term, 15 year counterparts of 30 year refinancing fixed rate mortgage home loan plans can now be locked in at an interest rate of 3.250% today and an annual return of 3.431% today.
As far as the flexible mortgage options are concerned, the bank is now offering its ideal 5 year refinancing adjustable rate home loans at a starting interest rate of 3.250% and an APR yield of 3.002% on the principal amount of home loan sanctioned by the bank. The seekers of more flexible refinancing options can now spot the 7 year refinancing adjustable rate mortgage home loan schemes being traded at a starting interest price of 3.500% and being backed by an annual percentage yield of 3.166% for the starting years of the home loan tenure.
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