After remaining calm of a major part of the month, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), chose to walk down the same road and published no change to its benchmark 30 year fixed mortgage interest rates on April 29, 2014. According to the new mortgage information released by the bank this Tuesday, the ideal home purchase and standard refinancing deals are coming out at the same interest rates as yesterday.
With regards to the refinancing mortgage deals, Chase Bank is now offering its popular 30 year fixed rate mortgage loan schemes at an interest rate of 4.375% and an annual percentage yield of 4.471%. On the contrary, the lending rates for the shorter, 15 year refinancing fixed rate mortgage home loan packages also remained steady at 3.500% and are accompanied by an APR yield of 3.627% today.
The overall picture is no different in the variable interest refinancing department, where the 5 year adjustable rate mortgage home loan plans are being traded at a starting interest rate of 3.250% and are banked by an annual return rate of 3.002% during the starting years of the home loan tenure. In the more flexible home loan section, the bank is currently offering its 7 year refinancing adjustable rate mortgage loan schemes at an interest rate of 3.375% and an annual percentage yield of 3.138% on the basic amount of home loan sanctioned by the bank.
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