Following the same pricing approach as it has followed from the past few days, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), decided to keep its benchmark 30 year fixed mortgage interest rates steady on July 15, 2014. This Tuesday, from the seekers of new home purchase as well as refinancing home loan deals, the bank is charging same lending rates as quoted in its books yesterday.
Heading towards the refinance home loan division, the mortgage shoppers 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 4.302% this Tuesday. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage deals are now up for grabs at an interest rate of 3.250% and are accompanied by an APR yield of 3.376% today.
For the borrowers, who are interested in flexible home loan deals, the bank currently offers its best 5 year refinancing adjustable rate mortgage home loans at an interest price of 3.125% and an APR yield of 2.968% during the initial years of home loan period. The more flexible, 7 year adjustable rate mortgage home loans can now be locked in at an interest rate of 3.500% and an APR yield of 3.255% on the principal amount of home loan secured from the bank.
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