After rowing along a steady stream for the past couple of days, the benchmark 30 year fixed mortgage interest rates at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), jumped up to the next level on March 20, 2014. The eligible borrowers will today find the ideal home purchase and refinancing mortgage deals coming out at higher interest rates in comparison to the yesterday’s interest figures.
According to the most up to date mortgage information made available by the bank today, the standard, long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.500% and are carrying an annual percentage rate of 4.585%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals can be locked in at an interest price of 3.625% and an APR yield of 3.771% today.
Besides the fixed rate mortgage home loan deals, Chase Bank is also offering the flexible rate mortgage home loans to the interested customers. This Thursday, the best 5 year adjustable rate mortgage schemes are up for grabs at a starting interest rate of 3.500% and an APR yield of 3.100% on the basic amount of home loan taken from the bank. On the other hand, the more flexible, 7 year adjustable rate mortgage loan deals can be locked in at an interest rate of 3.625% and an APR yield of 3.246% to begin with.
Heading towards the refinancing home loan section, the potential home loan seekers can spot the popular 30 year refinancing fixed rate mortgage options being published at an interest rate of 4.500% and accompanied by an APR yield of 4.596% today. However, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage options can now be had at an interest rate of 3.500% and an APR yield of 3.664%.
As far as the variable rate mortgage home loans are considered, the bank is offering its best 5 year adjustable rate refinancing home loan deals at a starting interest rate of 3.250% and an APR of 3.002% during the starting years of the home loan tenure. On the other hand, the more flexible, 7 year refinancing adjustable rate home loan plans can be locked in at a lending rate of 3.500% today and are carrying an APR yield of 3.176% on the primary amount of home loan sanctioned by 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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