As far as the flexible house financing division is concerned, the potential home loan buyers can easily spot the perfect 5 year adjustable rate mortgages (ARMs) at 3.625% and an annual percentage rate yield of 3.134%. The APR for the 5 year loans came down a little bit today. For the people looking for flexible home mortgage deals with a slightly longer tenure, the 7 year ARMs are being offered at 3.625% along with an APR yield of 3.236%.
The standard refinance offering (30 year refinance loans) at the Chase Bank have been quoted at 4.250% in addition to an APR yield of 4.324% as on August 6, 2014. The relatively shorter refinance offerings by the bank (15 year loans) are coming out at 3.375% interest rate today and their APR yield is 3.557%. As far as the ARM arena is concerned, the 5 year refinance loan are being offered at 3.125% at the Chase bank. They do yield an APR of 2.958%. The 7 year refinance ARMs are available at 3.250% interest rate along with an annual percentage rate of 3.079%,
The SME-focused JP Morgan Chase Bank stated in a press conference that the bank’s net earnings rose 55.1% to Sh1.07 billion precisely during the half yearly period that ended on June 30th, 2014 compared to a same period last year on improved transaction fees and interest income. A strong three fold growth in customer accounts has also taken place since past 1 year.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.