Thursday’s are normally associated with some unpleasant piece of news for the potential home buyers and loan seekers. However, this Thursday did not bring along any shocking surprises for the potential home loan buyers, especially in the case of the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM). The eligible home loan borrowers will not find any change in the benchmark 30 year fixed mortgage interest rates in the new information released by the bank on April 3, 2014, clearly plowing its way to enjoy a steady demand of home loan products in the market.
As of now, the borrowers, who are looking forward to have their new home purchase financed through long term deals, can spot the standard 30 year fixed rate mortgage home loan options being published against an interest charge of 4.500% and carrying an annual percentage rate of 4.607% today. However, in the relatively shorter lending section, the interested customers can find the 15 year fixed rate mortgage home loans being traded at an interest rate of 3.750% and being backed by an annual percentage yield of 3.897%.
As far as the flexible home financing options are considered, the bank is currently offering its best 5 year adjustable rate home loan plans at an interest rate of 3.625% and an annual return rate of 3.134% during the starting years of the loan tenure. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan packages can be locked in at an interest rate of 3.750% and an APR yield of 3.295% to begin with.
The case is no different in the bank’s refinancing home loan section, where, the interested customers can still spot the popular 30 year fixed rate home loans being advertised at the same interest rate of 4.500% as yesterday and accompanied by an APR yield of 4.618% today. However, in the relatively shorter lending division, the 15 year refinancing fixed rate mortgage schemes are listed against an interest charge of 3.625% and an annual return rate of 3.753%.
When it comes to the variable rate mortgage deals, the mortgage shoppers can opt for the ideal 5 year refinancing adjustable rate home loans, which are now coming out at an interest rate of 3.250% and are offering an annual return of 3.012% today. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgages are now up for grabs at a lending price of 3.625% and an APR yield of 3.225% 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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