Better Mortgage Interest Rates at Chase Bank on June 10, 2014

Better Mortgage Interest Rates at Chase Bank on June 10, 2014After moving along a steady course for the past few weeks, the benchmark 30 year fixed mortgage interest rates at the top US based lender, JP Morgan Chase Bank (NYSE: JPM), experienced a pleasant improvement on June 10, 2014. The mortgage shoppers, who are planning on visiting the local branches of Chase Bank today, will find the standard new home purchase as well as refinancing home loan deals being traded at reduced rates in comparison to yesterday.

As per the most up to date mortgage information made available by the bank, the standard, long term, 30 year fixed rate mortgage home loan deals are coming out at an interest rate of 4.125% and an annual return rate of 4.188% today. For the seekers of short term home loan deals, the bank offers its 15 year fixed rate mortgage home loans at an improved interest rate of 3.125% and an annual percentage yield of 3.287% this Tuesday.In the flexible home lending section, the potential home buyers can spot the best 5 year adjustable rate mortgage home loans being traded at an interest rate of 3.125% and are backed by an annual return rate of 3.069% during the starting years of the home loan period. The more flexible, 7 year adjustable rate mortgage home loan packages are now up for grabs at a starting interest rate of 3.250% and an APR yield of 2.948% on the principal amount of home loan deals acquired from the bank.

Shifting towards the refinancing mortgage division, the potential borrowers can find the popular 30 year fixed rate mortgage loans being traded at an interest rate of 4.250% and being accompanied by an APR yield of 4.302% today. In the short term home loan section, 15 year counterparts of the 30 year refinancing fixed rate mortgage plans can be seen published at an interest cost of 3.250% and an APR yield of 3.394% this Tuesday.

The home loan seekers, who are looking forward to secure variable rate mortgage plans, can opt for the popular 5 year refinancing adjustable rate home loan packages, which are now being advertised at a starting interest rate of 3.125% and an APR yield of 2.968% today. The more flexible, 7 year refinancing variable interest home loan schemes can be locked in at an interest rate of 3.375% and an annual return rate of 3.118% during the initial years of the home loan tenure.

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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About the author

Rob is a analyst and reporter covering stocks and business news.