Following the lead of several other mortgage lenders, the topmost US based mortgage home loan provider, JP Morgan Chase Bank (NYSE: JPM), chose to quote same benchmark 30 year fixed mortgage home loan rates on July 8, 2014. As of now, the borrowers interested in stopping by the local branches of Chase Bank for securing ideal home loans will now find the ideal home purchase and refinancing deals being traded at same interest rates as yesterday.
Heading towards the refinancing home loan division, the potential customers can spot the popular 30 year fixed rate mortgage home loan deals being published at an interest rate of 4.250% and carrying an APR yield of 4.356% today. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate home loans are now up for grabs at a lending rate of 3.250% and an annual percentage yield of 3.431% today.
As far as the flexible home refinancing deals are concerned, the bank quotes its best 5 year adjustable rate mortgage options at a starting interest rate of 3.250% and an APR yield of 3.012% to begin with. The more flexible, 7 year refinancing adjustable rate mortgage plans can be locked in by bearing an interest rate of 3.500% and agreeing to an annual percentage yield of 3.176% during the starting years of the home loan tenure.
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