Better Mortgage Interest Rates at Chase Bank on May 5, 2014

Better Mortgage Interest Rates at Chase Bank on May 5, 2014

At the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are showing their improved face on May 5, 2014. The interested customers, who are planning on financing or refinancing their realty investments through Chase Bank will find the ideal home loan deals coming out at somewhat improved interest rates this Monday.Believing the most recent mortgage rate chart issued by the bank today, the standard, long term, 30 year fixed rate mortgage home loans are coming out at an improved interest rate of 4.250% and are carrying an annual percentage yield of 4.334% today. With regards to the short term, 15 year, fixed rate mortgage offerings, the lender is charging an interest rate of 3.500% and providing with an APR yield of 3.646% this Monday.

For the mortgage shoppers, who are interested in enjoying variable rates of interests, the bank publishes the best, 5 year, adjustable rate mortgage schemes in its loan books at a lending price of 3.500% and an APR yield of 3.090% during the starting years of the home loan tenure. In the more flexible lending division, the 7 year adjustable rate mortgage home loan rates are coming out at an interest rate of 3.500% and an annual return rate of 3.187% on the initial amount of loan sanctioned by the bank.

Heading towards the refinancing home loan section, Chase Bank is currently offering the popular 30 year fixed rate mortgages at an interest charge of 4.250% and an annual percentage yield of 4.356% today. The mortgage shoppers, who are looking forward to move down on a shorter path for refinancing their abode, can go for the 15 year counterparts of the 30 year refinancing fixed rate mortgage loans, which are now being traded at an interest rate of 3.375% and are backed by an APR yield of 3.575% this Monday.

As far as the flexible refinancing loan options are considered, the best 5 year adjustable rate mortgage loans are now being traded at a starting interest rate of 3.250% and are backed by an annual percentage rate of 2.992% on the principal amount of home loan taken from the bank. On the other hand, the more flexible, 7 year refinancing adjustable rate home loans can be secured at an interest rate of 3.375% and an APR yield of 3.117% during the starting 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.