Choosing to move along the same path, the largest mortgage lender in the US, JP Morgan Chase & Co. (NYSE: JPM), did not make any favorable or unfavorable changes to its benchmark 30 year fixed mortgage interest rates on June 3, 2014. The potential home buyers, who are planning on securing ideal new home purchase or standard refinancing deals from Chase Bank today, will find no change in the interest rates when compared to the yesterday’s interest figures.
This Tuesday, the mortgage lender is offering its standard, long term, 30 year fixed rate mortgage home loans at an interest rate of 4.125% and an annual percentage rate of 4.219%. For the home buyers, who are interested in walking along the shorter path for financing their new home purchase, can find the 15 year fixed rate mortgage home loan schemes being traded at an interest rate of 3.375% and an annual percentage rate of 3.502% today.
For the borrowers, who are seeking some flexibility in terms of interest rates, the bank quotes its best 5 year adjustable rate mortgage deals at an interest rate of 3.500% and an annual percentage rate of 3.080% to start with. In the more flexible home loan section, 7 year adjustable rate mortgage plans are listed at an interest rate of 3.500% and are carrying an annual percentage yield of 3.187% on the principal amount of home loan secured from the bank.
When it comes to refinancing home loan offerings, Chase Bank publishes its popular 30 year fixed rate mortgage home loans in the loan books against an interest rate of 4.125% and an annual percentage yield of 4.230% today. For the seekers of short term options, 15 year counterparts of the 30 year refinancing fixed rate mortgage packages are now being traded at an interest cost of 3.250% and an annual percentage return of 3.394% today.
As far as the adjustable rate mortgage home loans are concerned, the bank is now offering its ideal 5 year refinancing home loan packages at a starting interest rate of 3.125% and an APR yield of 2.968% during the starting years of the home loan period. In the more flexible lending division, the bank is offering the 7 year adjustable rate mortgage deals at an interest cost of 3.250% and an APR yield of 3.069% on the basic amount of home loan sanctioned by Chase Bank to the borrower.
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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