Towards the end of another trading week, the top US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), decided to publish unchanged benchmark 30 year fixed mortgage interest rates for the potential home loan customers. As per the new mortgage information released by the bank on March 21, 2014, the ideal home purchase and refinancing mortgage home loans are coming out at the same lending rates as yesterday, which is certainly a pleasant piece of news for the home loan seekers.
Starting off with the standard, long term home loan offerings, the bank is currently charging an interest cost of 4.500% and providing an annual percentage yield equivalent to 4.618% to the borrowers, who are looking forward to acquire ideal 30 year fixed mortgage home loan deals today. However, the admirers of short term, 15 year fixed rate mortgage home loans are being charged with an interest price of 3.625% and are offered an annual return rate of 3.808% today.
With regards to the variable rate financing options, the bank is currently offering its best 5 year adjustable rate mortgage home loan plans at a lending rate of 3.500% and an APR yield of 3.100% to start with. In the more flexible home financing section, the 7 year adjustable rate mortgage home loans are available at an interest rate of 3.750% and an APR yield of 3.285% during the initial years of home loan.
In the refinance home loan section, the mortgage lender is offering its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.500% and an APR yield of 4.629%. The home loan seekers, who are looking forward to take the shorter route towards home financing, can go for the 15 year refinancing fixed rate mortgage loans, which are now being traded at an interest rate of 3.500% and an APR yield of 3.701% today.
As far as the flexible refinancing home loan deals are considered, the interested mortgage borrowers can find the best 5 year adjustable rate mortgage home loan packages been published in the bank’s books against a starting interest rate of 3.250% and being backed by an annual return rate of 3.002% during the starting years of the home loan. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage deals can be locked in at an interest price of 3.500% and an APR yield of 3.187% on the principal amount of home loan acquired from the bank.
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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