Like Wednesday, the home mortgage schemes at JP Morgan Chase Bank came in at the same rates on Thursday too. The bank on August 28, 2014 didn’t chose to make any positive or negative changes to its benchmark home mortgage fixed rate schemes. This is one of the reasons why the potential home loan shoppers might get a bit disappointed in case they were expecting the interest rates to go down a little bit. They might have to wait a little bit more before they can anticipate the rates to undergo a favorable change.
The standard 30 year fixed rate home mortgage schemes at JP Morgan Chase Bank (NYSE: JPM) were listed at 4.250% interest rate carrying an annual percentage rate of 4.334%. On the other hand, the home loan shoppers who find the long term loans to be pretty expensive can opt for the 15 year mortgage schemes offered by the bank. The 15 year fixed rate home loans stood at 3.500% interest rate today yielding an APR of 3.627%.
The 5 year adjustable rate mortgage deals are coming out at an interest rate of 3.750% with an annual percentage rate of 3.262% to begin with. On the other hand, the 7 year ARMs can be acquired at 3.625% rate of interest and an APR of 3.314%. The Chase Bank even offers refinance schemes to the borrowers and the 30 year standard loan deals stood at 4.125% interest rate and an APR of 4.230% as on August 28, 2014. The 15 year refinance loans were available at 3.375% rates of interest carrying an annual percentage rate of 3.520%.
The 5 year refinance adjustable rate mortgage schemes can be acquired for 3.250% rate of interest carrying an APR of 3.074% to start with. The 7 year long term refinance ARMs can be had at 3.375% interest rate with an annual percentage rate of 3.185%. According to reports, JP Morgan Chase Bank is a name which is under serious threat posed by the Russian hackers. The hacking attacks can easily hamper the company’s reputation a great deal by fishing the personal account information on several customers.
The FBI is investigating the matter and they have assured that the suspects will be behind the bars soon. Although, this is not the first time these attackers have become active, it remains to be seen when the real hackers are caught. The company hopes the hackers will be held pretty soon.
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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