At the major US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding steady on March 18, 2014. Unlike other mortgage lenders, JP Morgan Chase Bank took a different road and decided to make no change to the lending rates at which the ideal home purchase and refinancing home loan deals are coming out this Tuesday.
This week, for the second day in a row, the mortgage shoppers can find the standard, long term, 30 year fixed rate mortgage home loans being traded at the same interest rate of 4.375% and being accompanied by an annual percentage rate of 4.481% today. However, the relatively shorter, 15 year fixed rate mortgage home loans are up for grabs at an interest price of 3.500% today and are carrying by an annual return rate of 3.682% today.
As far as the variable rate home loans are concerned, the interested borrowers can find the best 5 year adjustable rate mortgage loans being traded at a starting interest rate of 3.375% and an APR yield of 3.036% during the initial years of the standard home loan tenure. However, the more flexible, 7 year adjustable rate mortgage home loan plans can be secured at a lending price of 3.500% and an APR yield of 3.187% on the primary amount of home loan approved by the bank.
Heading towards the refinancing arena, the potential home loan seekers can spot the popular 30 year fixed rate mortgage home loan options being published against a lending charge of 4.375% today and being backed by an APR yield of 4.492% today. Alternatively, for those who are planning on taking the shorter route to home refinancing, the bank is offering 15 year refinancing fixed rate mortgage deals at an interest rate of 3.375% and are accompanied by an APR yield of 3.557% today.
As far as the flexible home loan options are considered, the bank is currently offering its best 5 year refinancing adjustable rate mortgage home loan deals at a starting interest rate of 3.125% and an APR yield of 2.948% on the primary amount of loan sanctioned by the bank. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans are up for grabs at an interest rate of 3.375% and an annual return of 3.118% during the starting years of the home loan tenure.
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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