Moving along its usual pathway, the topmost US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), chose to make no favorable or unfavorable changes to its benchmark 30 year fixed mortgage interest rates on July 16, 2014. The qualified borrowers, who are aiming at visiting the local branches of Chase Bank today, in search of ideal home purchase and refinancing deals, will find no change in the lending rates as compared to yesterday.
Heading towards the refinancing home loan arena, the interested customers can spot the popular 30 year fixed rate mortgage home loan plans coming out at an interest rate of 4.250% and being backed by an annual return rate of 4.302% today. The short term, 15 year counterparts of the 30 year refinancing fixed rate home loan schemes can now be locked in at an interest rate of 3.250% and an annual percentage yield of 3.376% today.
Heading towards the flexible rate mortgage home loan section, the interested home loan seekers can spot the best 5 year refinancing adjustable rate home loans being listed at an interest rate of 3.125% and carrying an APR yield of 2.968% during the starting years of the home loan tenure. The 7 year refinancing adjustable rate mortgage home loan packages are now up for grabs at an interest cost of 3.375% and an APR yield of 3.118% on the principal amount of home loan sanctioned by the bank.
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