According to the most recent mortgage information released by the topmost US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates haven’t changed a bit on September 17, 2014. The mortgage shoppers, who are looking forward to stop by the local branches of Chase bank today with the aim of securing new home purchase or refinancing home loan deals, will find no change in the interest rates as compared to the yesterday’s figures.
To begin with, in the standard, long term home loan section, the potential home buyers can find the 30 year fixed rate home loan plans listed against an interest rate of 4.375% and backed by an annual percentage rate of 4.481% this Wednesday. In the short term home loan division, Chase bank now offers 15 year fixed rate mortgage home loan deals at an interest price of 3.625% and an annual percentage yield of 3.734% on the third day of a new trading week.
In the adjustable rate home loan division, the US based lender now offers its best 5 year adjustable rate mortgage home loan plans at an interest rate of 4.000% and an annual return rate of 3.352% on the principal amount of home loan sanctioned by the bank. The more flexible, 7 year adjustable rate mortgage home loan options can now be seen quoted at an interest rate of 3.750% and an annual percentage yield of 3.363% during the initial years of the home loan tenure.
In the refinancing home loan department, the bank now highlights its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.250% and an annual return rate of 4.356% this Wednesday. The relatively shorter and less expensive, 15 year counterparts of the 30 year refinancing fixed rate home loan options can now be locked in at an interest rate of 3.500% and an annual percentage yield of 3.627% today.
When it comes to adjustable rate mortgage options, the borrowers can spot the 5 year refinancing home loan schemes being advertised at an interest rate of 3.250% and backed by an annual return rate of 3.094% on the basic amount of home loan secured from the bank. The more flexible, 7 year refinancing adjustable rate mortgage home loan packages can now be acquired by bearing a lending price of 3.500% and agreeing to an annual percentage yield of 3.234% during the initial years of the home loan period.
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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