The standard home purchase and the refinancing home loans at the major US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), retained their interest standing on February 17, 2014. At the beginning of a new week, the benchmark 30 year fixed mortgage interest rates remained unchanged, thereby keeping things still on the pleasant side for the interested home buyers and refinancing home loan seekers.
In the latest mortgage interest charts published by the bank this Monday, the standard, long term, 30 year fixed rate mortgage home loans are being advertised at the same interest price of 4.500% as last week, and an annual percentage rate of 4.553%. When it comes to short term financing options, the bank is currently offering its best 15 year fixed rate mortgage home loan plans at an interest price of 3.625% and an annual return rate of 3.771% today.
For the mortgage shoppers interested in enjoying more flexible interest rates, the bank is currently offering its best 5 year adjustable rate mortgage home loan deals at a starting interest rate of 3.375% and an annual percentage yield of 3.046% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage plans can be locked in at an interest rate of 3.500% today and an annual return rate of 3.176% to start with.
In the refinancing section, the bank now publishes the popular 30 year fixed rate mortgage loan plans against a lending charge of 4.500% and an annual return rate of 4.553% today. For the seekers of relatively shorter and less expensive refinancing options, the bank provides the best 15 year fixed rate mortgage home loans at an interest rate of 3.500% and an annual percentage rate of 3.646% today.
For the seekers of more variable interest rates, the 5 year refinancing adjustable rate mortgage home loans can be an ideal pick at an interest price of 3.125% and an annual percentage rate of 2.968% today. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loan plans can be locked in at an interest rate of 3.375% and an APR yield of 3.118% today.
The mortgage interest rates quoted by the banks normally go up and down on the basis of upward and downward movement in the prices of mortgage backed bonds and securities, which are generally affected by the stock market movements. As the stock market lost its ground towards the end of the trading day and left the DJIA index at 15337.70, the bank followed its footsteps and quoted the interest rates. The stock prices of JPM shares, on the other hand, rose by +0.37 and crossed the price point of 53.66.
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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