At the end of the trading week, the leading US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), managed to pull some strings and quote same benchmark 30 year fixed mortgage interest rates on July 18, 2014. The mortgage shoppers, who are looking forward to secure standard home purchase or ideal refinancing home loans this Friday, will find no movement in the lending charges quoted by Chase bank as compared to the yesterday’s rates.
Heading towards the refinancing arena, the mortgage shoppers can find the popular 30 year fixed rate mortgage home loan deals being listed along with an interest rate of 4.250% and an APR yield of 4.313% today. The relatively shorter, 15 year refinancing fixed rate mortgage home loan products can now be locked in at an interest rate of 3.250% and an annual percentage yield of 3.431%.
For the potential home loan seekers, who are looking forward to secure more flexible refinancing packages, can now opt for the 5 year refinancing adjustable rate mortgage home loans, which are currently traded at an interest rate of 3.250% and are backed by an APR yield of 2.992% in the starting years of the home loan tenure. The more flexible, 7 year refinancing adjustable rate mortgage deals are now up for grabs at a starting rate of 3.375% and an APR yield of 3.127% on the principal amount of home loan sanctioned by the bank.
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