JP Morgan Chase Bank (NYSE: JPM) did choose to make no major changes in its benchmark 30 year and 15 year fixed rate home mortgage schemes as far as the interest rates were concerned. The bank is a reputed one in the country and they are known for offering high end mortgage schemes at very good rates. However, on Tuesday, September 16, 2014 the potential home mortgage buyers were a bit disappointed due to the fact that no positive changes were made to the interest rates.
The standard 30 year fixed rate home mortgage schemes at JP Morgan Chase bank are listed at 4.375% interest rate along with a starting annual percentage rate of 4.481%. The short term variants of the 30 year FRM schemes, the 15 year FRMs stood at 3.625% rate of interest and an APR of 3.734% as on Tuesday, September 16, 2014. The APR on both the schemes too remained unchanged today.
The bank also offers flexible adjustable rate mortgage options to the customers and the 5 year ARMs were published at 4.125% interest rate today and they did yield an APR of 3.397%. The long term 7 year ARMs at JP Morgan Chase Bank today were offered at 3.875% rate of interest in addition to an APR of 3.423% to begin with.
The 30 year standard refinance FRMs at Chase bank stood at 4.250% rate of interest carrying an annual percentage rate of 4.356% as on September 16, 2014. The famous 15 year refinance FRMs were listed at 3.500% interest rates and a starting APR of 3.609%. The 5 year refinance adjustable rate mortgage interest rates at JP Morgan Chase bank were listed at 3.375% and an additional APR of 3.128%. The 7 year ARMs refinance on the other hand were offered at 3.500% interest rate and an APR of 3.244% to begin with.
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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