On August 27, 2014, JP Morgan Chase Bank (NYSE: JPM) one of the most reputed financial institutions in the country decided to make little or no changes in its benchmark home mortgage rates. The long term and short term fixed rate home mortgage schemes stood at more or less similar rates as they were yesterday. The potential home mortgage buyers might have to wait a little bit for the rates to come down in case they wish to acquire a suitable home mortgage scheme at JP Morgan Chase Bank.
The 30 year fixed rate home mortgage schemes at JP Morgan Chase Bank stood at an interest rate of 4.250% yielding an annual percentage rate of 4.345%. The short term variants of the famous 30 year home mortgage schemes, stood at a rate of interest of 3.500% which is similar to what it was yesterday. These schemes did yield an annual percentage rate of 3.646% which is quite decent by all means.
People looking for flexible mortgage deals can opt for ARMs at JP Morgan Chase bank. The 5 year adjustable rate mortgage schemes are listed at an interest rate of 3.750% with a starting annual percentage rate of 3.262%. The adjustable rate mortgage interest rates in the 7 year category are 3.625% in addition to an APR of 3.134%. The bank even offers some refinancing options to the prospective home mortgage buyers.
The benchmark 30 year refinance fixed rate mortgage schemes stood at 4.250% rate of interest yielding an annual percentage rate of 4.313%. The short term 15 year refinance schemes are listed at 3.375% interest rate and an APR of 3.575%. The 5 year ARMs at Chase bank are 3.250% in addition to a starting APR of 3.084%. The 7 year adjustable rate mortgage schemes begin at 3.375% interest rate today with an APR of 3.206%.
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.