JP Morgan Chase Bank (NYSE:JPM) being one of the premier banking institutions in the country, is known to offer exclusive long term and short term schemes to the potential home mortgage buyers at affordable rates. On September 22, 2014, the bank chose to make no major changes to its standard fixed rate home mortgage schemes as far as the interest rates are concerned. This is one of the key reasons why a lot of potential home mortgage buyers got disappointed as they were anticipating a positive change in the rates.
The standard 30 year FRMs at JP Morgan Chase Bank, were listed at an interest rate of 4.375% in addition to an annual percentage rate of 4.492% today. The short term 15 year FRMs on the other hand were available for 3.625% interest rate along with an annual percentage rate of 3.753% as on Monday, September 22, 2014. The interest rates and APR on these schemes too remained unchanged today.
The bank offers high end flexible ARMs too for the betterment of the potential loan buyers. The 5 year ARMs at JP Morgan Chase bank can be acquired for 4.000% interest rate in addition to an APR of 3.362%. The 7 year ARMs were listed at 3.875% interest rate and an APR of 3.412% to begin with.
The standard 30 year refinance FRMs at Chase bank were quoted at an interest rate of 4.375% to start with along with an APR of 4.439% today. The 15 year refinance fixed rate mortgage schemes were published at 3.500% rate of interest and an annual percentage rate of 3.646%. Adjustable rate mortgage loans in the 5 year refinance category begin at 3.375% rate of interest at the Chase bank along with an APR of 3.128%. The 7 year refinance ARMs on the other hand stood at 3.500% interest rate today along with an APR of 3.244% to begin with.
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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