On Friday, September 12, 2014, JP Morgan Chase Bank (NYSE:JPM) didn’t really make any positive or negative changes in the standard 30 year and 15 year fixed rate home mortgage schemes. The present rates at JP Morgan Chase Bank remained unchanged and so did the APR on these schemes. The fact that the rates did not experience any major changes did disappoint the potential home loan buyers a bit who were willing to take up a mortgage scheme today at one of the JP Morgan branches.
The standard 30 year fixed rate home mortgage schemes at JP Morgan Chase Bank stood at 4.375% interest rate today yielding an annual percentage rate of 4.439%. The shorter variants of the 30 year loans, the 15 year fixed rate schemes were listed at 3.500% rate of interest with an APR of 3.682% to start with. The APR and interest rates on both these schemes remained unchanged today.
The bank even offers flexible adjustable rate mortgage schemes for the potential home mortgage buyers. The 5 year ARMs are listed at 4.000% interest rate at JP Morgan Chase bank yielding an APR of 3.352% which is quite similar to that it was yesterday. The 7 year long term ARMs on the other hand stood at a rate of interest of 3.750% and an annual percentage rate of 3.373%.
Benchmark 30 year refinance mortgage schemes stood at 4.250% today and an annual percentage rate of 4.324%. The short term 15 year refinance schemes were on the books at 3.375% and an annual percentage rate of 3.575% to start with. The 5 year ARMs at JP Morgan Chase Bank for refinancing schemes can be acquired for 3.250% yielding an APR of 3.094%. The long term 7 year refinance ARMs are published at 3.500% rate of interest presently yielding an APR of 3.234%.
Apple Pay, was definitely one of the biggest announcements made by Apple last week. This is a brand new payment system that permits the iPhone 6 and iPhone 6 Plus users to pay for all kinds of stuff through the NFC technology. It is a really good application that has been merged with the JP Morgan Chase Bank and this has certainly made sure that the relationship which both the companies share is going to grow stronger now. This is also a great news for the tech industry due to the innovation involved.
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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