JP Morgan Chase customers are able to refinance their home mortgage loan for a lower interest rate or first-time home buyers are in a position to take advantage of a low interest home loan due to an announcement by the Federal Reserve last week saying they plan to keep interest rates low as long as possible.

Many analysts and economists have met this news with mixed reviews but it’s good news for homeowners banking with companies like JP Morgan Chase, seeing as they possibly have more time to refinance their current home loan or borrow for their first.

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