This Friday, the eligible borrowers, who are planning on securing ideal home purchase or refinancing deals from the major US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), will find no change in the lending rates as compared to yesterday. As per the new mortgage information released by the bank on April 4, 2014, the benchmark 30 year fixed mortgage interest rates are holding firm, thereby presenting no reason for the fall in demand of its loan products in the market.
As of now, in the standard, long term home loan section, the mortgage shoppers can spot the 30 year fixed rate mortgage home loan deals being traded at an interest price of 4.500% and carrying an annual percentage rate of 4.618%. On the other hand, the relatively short term, 15 year fixed rate mortgage home loan deals are now tagged with an interest price of 3.750% and are offering an annual return of 3.878% today.
When it comes to the variable rate mortgage deals, the potential home buyers can find the best 5 year adjustable rate home loans being advertised at a lending rate of 3.625% and an APR yield of 3.134% today. However, the mortgage shoppers, who are looking forward to enjoy more flexibility in terms of interest rates, can go for the 7 year adjustable rate mortgage home loan schemes, which are now traded at an interest price of 3.750% and an APR yield of 3.295%.
Heading towards the refinancing section, the interested customers can find the popular 30 year fixed rate mortgage home loan deals being traded at an interest price of 4.625% and being backed by an annual percentage return of 4.679% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage plans can be locked in at an interest rate of 3.625% and an APR yield of 3.771% this Friday.
Moving towards the flexible home financing section, the mortgage shoppers can find the ideal 5 year adjustable rate mortgage home loans being listed against a lending rate of 3.250% and being accompanied by an APR yield of 3.012% to begin with. However, the customers interested in more flexible interest rates can opt for the 7 year refinancing adjustable rate mortgage home loan packages, which are now up for grabs at a starting interest rate of 3.500% and are backed by an APR yield of 3.197% during the starting years of the home loan.
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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