JP Morgan Chase Bank (NYSE: JPM) decided to take its benchmark 30 year fixed mortgage interest rates to a higher level this Friday. As per the new mortgage information released by the bank, the home purchase and refinancing home loan deals are carrying higher interest rates on January 24, 2014.
Towards the end of the week, the standard, long term, 30 year fixed rate mortgage packages are coming out of JP Morgan Chase Bank at an interest price of 4.500% and are carrying an annual percentage rate of 4.585%. However, the relatively shorter, 15 year fixed rate mortgage deals can be locked in at an interest rate of 3.750% and an APR yield of 3.897% today.
In the flexible lending division, the potential home loan borrowers can spot the best 5 year adjustable rate mortgage plans sitting next to an interest charge of 3.500% and an APR yield of 3.183%. However, the more flexible, 7 year adjustable rate mortgage deals can be had at a lending price of 3.750% and an APR yield of 3.750% and an APR yield of 3.363%.
When it comes to the refinancing home loan deals, the bank is currently offering its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.500% and an annual return rate of 4.607% today. On the other hand, the short term, 15 year refinancing fixed rate home loan schemes can be had at an interest cost of 3.625% and an APR yield of 3.324% today.
Shifting sights to the variable rate mortgage options, the interested customers can find the best 5 year refinancing adjustable rate home loans coming out at a starting interest rate of 3.500% and carrying an APR yield of 3.172%. Alternatively, the 7 year refinancing ARM home loan packages are up for grabs at an interest cost of 3.625% and an APR yield of 3.324% to begin with.
Lately, the N Chester Ave branch of JP Morgan Chase Bank was robbed by a woman robber, who managed to escape with an undisclosed amount of cash from the place of incident. According to the police, the female suspect entered the bank premise at 10.35am and threatened the teller to give a lump sum amount to her. After being provided with the money, she fled from the bank and was lost in the neighborhoods of Northeast of the Chase Bank.
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.