The benchmark 30 year fixed rate mortgage interest rates remained largely unchanged at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) on April 7, 2014. Moving along the same lines, the financier chose to trade its standard home purchase and refinancing home loans at the same interest rates as last week, thereby making no change in the overall demand of its loan products in the market today.
To start off with, in the standard, long term home financing section, the potential customers can spot the 30 year fixed rate mortgage home loans being listed next to an interest rate of 4.500% and carrying an annual percentage rate of 4.596% this Monday. However, the relatively shorter, 15 year fixed rate mortgage loan deals can be secured at an interest rate of 3.625% and an annual percentage yield of 3.789% today.
As far as the flexible lending options are considered, the interested borrowers can find something of interest in the adjustable rate mortgage section of the bank’s loan portfolio. Today, the best 5 year adjustable rate mortgage home loan packages can be seen advertised at a lending rate of 3.625% and being backed by an APR yield of 3.134% during the starting years of the home loan period. On the other hand, the more flexible, 7 year adjustable rate mortgage deals can be locked in at a starting interest rate of 3.750% and an APR yield of 3.285% to begin with.
As far as the refinancing home financing packages are considered, Chase Bank is currently offering its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.500% and an annual return rate of 4.607% today. However, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans are now up for grabs at an interest cost of 3.625% today and an annual return equivalent to 3.734%.
Heading towards the flexible home refinancing section, the potential home buyers can spot the best 5 year adjustable rate mortgage deals being published against a lending charge of 3.250% and carrying an APR yield of 3.012% to begin with. Alternatively, for the seekers of more flexible interest rates, the bank offers its 7 year refinancing adjustable rate mortgage options at a starting lending rate of 3.500% and an APR yield of 3.187% on the principal amount of home loan secured from the bank.
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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