This Wednesday, following the market sentiments, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), chose to make no change to its benchmark 30 year fixed mortgage interest rates. For the seekers of ideal home purchase or refinancing mortgage deals, the bank is now charging same interest rates and offering somewhat same annual return as yesterday.
In the category of flexible mortgage home loans, the lender is currently offering its best 5 year adjustable rate mortgage home loan deals at an interest rate of 3.500% and an annual return rate of 3.090% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage loans can be locked in at an interest rate of 3.625% and an annual percentage yield of 3.225% during the starting years of the home loan tenure.
With regards to the refinancing loan options, the overall picture remained somewhat the same, as the popular 30 year fixed rate mortgage home loans are still being traded at a lending rate of 4.375% and are backed by an APR yield of 4.492% this Wednesday. However, the relatively shorter, 15 year alternatives to the 30 year refinancing fixed rate mortgage deals are being advertised at an interest rate of 3.500% and an APR yield of 3.646% today.
As far as the flexible loan options are considered, the interested borrowers can find 5 year refinancing adjustable rate home loans being tagged with an interest price of 3.250% and an annual percentage rate of 2.992% during the initial years of the loan period. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans can be secured by those, who can bear an interest price of 3.375% and are comfortable with an APR yield of 3.127% on the principal amount of home loan sanctioned by the bank.
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