Owing to the ever changing market conditions and the economic outlook of the realty sector, the benchmark 30 year fixed mortgage interest rates at top US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) experienced a sudden spike on February 25, 2014. The eligible borrowers, who are planning on stopping by the local branch of Chase Bank, will find the ideal home loan deals being published at higher interest rates today.
According to the latest mortgage rate charts published by the bank this Tuesday, the interest customers will have to deal with an interest burden of 4.500% and agree to an annual percentage rate of 4.564% for acquiring the standard, long term, 30 year fixed rate mortgage home loans. However, the seekers of relatively shorter home financing deals will have to pay an interest price of 3.625% and deal with an annual return rate of 3.789% for securing the ideal 15 year fixed rate mortgage home loans today.
When it comes to the variable and more flexible home loan options, the interested borrowers can spot the 5 year adjustable rate mortgage plans being published against an interest rate of 3.375% and carrying an annual percentage rate of 3.056% during the starting years of the home loan tenure. On the other hand, the more flexible, 7 year adjustable rate mortgage plans can be locked in at an interest rate of 3.500% and an annual return rate of 3.187% to begin with.
Heading towards the refinancing home loan section, the mortgage shoppers can spot the popular 30 year fixed rate mortgage plans being published at an interest rate of 4.500% and being backed by an annual percentage yield of 4.564% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans can be secured at an interest rate of 3.500% and an APR yield of 3.664% today.
As far as the adjustable rate mortgage deals are considered, the potential home loan borrowers can find the best 5 year refinancing deals being published next to an interest price of 3.250% to start with and an APR yield of 2.992% at the beginning of the loan period. However, the seekers of more flexible refinancing options can spot the 7 year variable rate home loan plans at a starting interest rate of 3.375% and an APR yield of 3.127% on the basic amount of home loan sanctioned by the bank.