Chase Bank Made No Changes to its Mortgage Interest Rates on December 18, 2013

Chase Bank Made No Changes to its Mortgage Interest RatesFor the third day in a row, JP Morgan Chase Bank (NYSE: JPM) did find a way to quote the same benchmark 30 year fixed mortgage interest rates on December 18, 2013. The customers heading to a local branch of Chase Bank today will find the new home purchase as well as the refinancing loan options published the same rates as yesterday.

According to the latest mortgage data published by the lender online, the standard, long term, 30 year fixed rate mortgage home loans are up for grabs at a lending cost of 4.625% today, and are carrying an annual percentage yield equivalent to 4.689% of the initial amount of loan. With regards to the shorter, 15 year fixed rate mortgage loans available with the lender; the current interest rate is sitting at 3.750% mark, along with an APR yield of 3.878%.

For those who are interested in enjoying variable rates of interests, the bank provides 5 year adjustable rate mortgage schemes that can be had at by paying a lending cost of 3.375% and enjoying an APR yield of 3.138% to begin with. In the more flexible loaning section, the 7 year adjustable rate mortgage home loan rates are up for grabs for those who are willing to pay 3.750% as interest and receive 3.373% as return on the initial amount of loan today.

In the refinance lending game, Chase Bank makes its mark in the market by offering the standard 30 year fixed rate mortgages at the same interest charge of 4.625% and an APR yield of 4.689%. The mortgagors looking forward to walk on a shorter path can go for the 15 year refinancing fixed rate mortgage loans, which are currently traded at an interest rate of 3.500% and carry an APR yield of 3.701%.

Additional refinancing loan options include the best 5 year adjustable rate mortgage loans, which are now coming out at a starting rate of 3.250% and are accompanied by an APR yield of 3.094%. On the other hand, the more flexible, 7 year refinancing ARM home loans can be procured at an interest rate of 3.625% and an APR yield of 3.303%.

Through a federal court complaint, JP Morgan Chase Bank has claimed that the Federal Deposit Insurance Corp has failed to honor the commitments as required under the Washington Mutual agreement and has subjected the Chase Bank to a huge liability. Following this complaint, the bank filed a suit against FDIC for recovering a sum of about $1 billion related to the purchase of Washington Mutual back in the year 2008.

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.