JP Morgan Chase Bank (NYSE: JPM) is one of the largest financial institutions in the country which offers some of the best home mortgage schemes to its clients. On Friday, August 15, 2014, the bank didn’t chose to make any significant alterations in the interest rates of its benchmark home mortgage scheme. The home mortgage rates remained unchanged at JP Morgan Chase Bank and therefore the potential home mortgage buyers who were looking to acquire a mortgage deal might get discouraged to opt for one today.
The standard 30 year home mortgage schemes at JP Morgan Chase bank were available at 4.250% interest rate on Friday. These loans did yield an annual percentage rate of 4.334% which is a bit low than yesterday. There were no major changes in the short term 15 year fixed rate mortgage loans as well. The shorter variants of the 30 year benchmark mortgage schemes, stood at an interest rate of 3.500% and an annual percentage rate of 3.627%.
The adjustable rate mortgage options are perfect for the home mortgage shoppers who are in search of some flexible schemes for financing their dream house. The 5 year adjustable rate mortgage options at Chase bank can be easily acquired at an interest rate of 3.625% yielding an APR of 3.134% to begin with. The long term 7 year ARMs were listed at 3.625% rate of interest with a starting annual percentage rate of 3.225%.
The standard 30 year refinance mortgage loans at JP Morgan Chase bank are being offered at an interest rate of 4.125% yielding an APR of 4.230%. The short term 15 year refinance mortgage deals are quoted at 3.375% and an annual percentage rate of 3.502%. As far as the ARMs are concerned, the 5 year refinance schemes at JP Morgan Chase bank were listed at 3.125% and an APR of 2.958% to start with. The longer 7 year ARM schemes have been published at a rate of interest of 3.250% and an annual percentage rate of 3.069%.
JP Morgan Chase Bank US will reimburse 34 million USD for settling a class action, charging the bank that they violated the Telephone Consumer Protection Act by positioning several calls to clients’ mobile phones without any prior consent, as per the official documents that were filed in the Illinois federal court. The settlement was preliminarily approved by the US district Judge Gary Feinerman, under which every class member is going to receive between 20-40 USD.
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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