This Thursday, the mortgage shoppers, who are looking forward to have their new home purchase or refinancing plans financed through the top most US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), will find no change in the lending rates charged by the bank on July 10, 2014. As of now, the bank published same benchmark 30 year fixed mortgage interest rates in its home loan portfolio for the interested customers.
To start with, the standard, long term, 30 year fixed rate home loan offerings are now listed against an interest cost of 4.250% and carry an annual percentage yield equivalent to 4.345% today. The seekers of relatively shorter, 15 year fixed rate mortgage home loans will now have to bear an interest price of 3.375% and bear with an annual return rate of 3.538% today.
When it comes to the variable rate home financing section, the bank now offers its best 5 year adjustable rate mortgage home loan packages at a lending rate of 3.625% and an APR yield of 3.134% to begin with. In the more flexible home financing division, the 7 year adjustable rate mortgage home loans are now up for grabs at an interest rate of 3.625% and an annual percentage return of 3.236% during the starting years of home loan period.
In the refinance home loan section, the interested customers can find the popular 30 year fixed rate mortgage home loan plans being listed next to an interest rate of 4.250% and an annual percentage yield of 4.334%. The home loan seekers, who are planning on heading down a shorter and less expensive route towards home refinancing, can opt for the 15 year refinancing fixed rate mortgage loans, which are now advertised at an interest rate of 3.250% and an annual percentage yield of 3.431% today.
As far as the flexible refinancing home loan packages are concerned, the interested mortgage borrowers can find the best 5 year adjustable rate mortgage home loan packages quoted in the loan portfolio against a starting interest rate of 3.250% and an annual return rate of 3.002% during the initial years of the home loan tenure. The seekers of more flexible refinancing options can find the 7 year adjustable rate mortgage deals being traded at an interest price of 3.500% and carrying an annual percentage rate of 3.166% on the principal amount of home loan sanctioned by 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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