Moving along the same pricing lines, the topmost US based mortgage providers, JP Morgan Chase Bank (NYSE: JPM), decided to make no changes to the benchmark 30 year fixed mortgage interest rates on August 7, 2014. As per the new mortgage charts released by the American lender this Thursday, the standard home purchase as well as ideal refinancing mortgage options are being traded at the same interest rates as yesterday.
For the qualified borrowers, who are planning on securing long term home financing deals, the bank offers its standard 30 year fixed rate mortgage home loan plans at an interest rate of 4.250% and an annual percentage rate of 4.366% today. The borrowers, who are willing to take the short term road towards financing their new home purchase, can now opt for the relatively shorter, 15 year fixed rate mortgage home loan plans at an interest rate of 3.500% and an annual percentage yield of 3.646% today.
Heading towards the flexible financing options, the mortgage shoppers can find the best 5 year adjustable rate mortgage loan options being listed at a lending rate of 3.500%, along with an annual return rate of 3.100% during the initial years of the home loan tenure. For the seekers of more flexible interest rates, 7 year adjustable rate mortgages are a perfect option at a starting interest rate of 3.625% and an annual return rate yield of 3.225% to begin with.
As far as the refinancing options are considered, the interested borrowers can spot the popular 30 year fixed rate mortgage plans listed against an interest rate of 4.250% and carrying an APR yield of 4.313% today. The shorter, 15 year counterparts of the 30 year refinancing fixed mortgage loan products are now up for grabs at an interest rate of 3.375% and an annual return rate of 3.538% this Thursday.
When it comes to the adjustable rate mortgage products, the mortgage lender quotes its best 5 year refinancing home loan deals at a starting lending rate of 3.125% and an APR yield of 2.948% during the starting years of the home loan period. For the seekers of more flexibility in terms of interest rates, the 7 year refinancing adjustable rate mortgage home loan plans would be an ideal pick in at an interest rate of 3.250% and an annual return percentage of 3.069% on the principal amount of home loan secured 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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