JP Morgan Chase bank, one of the premier institutions in the country dealing in fixed rate and flexible home mortgage schemes decided to keep its standard scheme rates on the same level as they were yesterday. Chase Bank officials’ chose to keep the interest rates and APR on the different mortgage schemes unchanged which is why the potential home mortgage buyers got a little disappointed as they wanted to take up one of the schemes at reduced interest rates.
The bank’s standard 30 year fixed rate home mortgage schemes as on Friday, September 19, 2014 stood at an interest rate of 4.492%. These schemes did have an annual percentage rate of 4.492% which is more or less same as it was yesterday. On the other hand, the short term 15 year fixed rate mortgage schemes were published at 3.625% rate of interest and an annual percentage rate of 3.734% today.
The bank offers high end adjustable rate mortgage options to the customers in both long and short term variants. The 5 year ARMs at Chase Bank were published at 4.000% interest rate today yielding an annual percentage rate of 3.352%. The 7 year ARMs on the other hand were offered at 3.750% rate of interest and an APR of 3.363% to start with. The APR and interest rates on these schemes too remained unchanged.
The refinance mortgage rates at Chase bank are also available at good rates. The standard 30 year refinance fixed rates at JP Morgan Chase bank were listed at 4.375% interest rate and an APR of 4.439% to start with. The short term 15 year refinance FRMs at the bank were listed at 3.500% interest rate and an annual percentage rate of 3.627% today. The 5 year refinance ARMs were quoted at 3.250% rate of interest yielding an APR of 3.094% to begin with. The 7 year ARM interest rates were on the books at 3.500% today along with a starting APR of 3.234%.
JP Morgan Chase bank is going to open up their branch in the Coconut Grove’s trendy area the CocoWalk retail, which is an entertainment and dining complex. The banking company did sign up for a 10 year lease for the entire 3, 117 square feet area in the complex located at the 3015 Grand Avenue as per the property owner. The branch is tipped to be opened in January, 2015.
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.