Chase Bank Quotes Better Mortgage Home Loan Rates on May 16, 2014

Chase Bank Quotes Better Mortgage Home Loan Rates on May 16, 2014

After dealing with its share of ups and downs for the entire week, the major mortgage home loan provider, JP Morgan Chase Bank (NYSE: JPM), quoted improved benchmark 30 year fixed mortgage home loan rates on May 16, 2014. The borrowers, who plan on shopping standard home purchase or refinancing home loan deals from the local branches of Chase Bank today, will find the lending rates edged down from the figures published in the yesterday’s mortgage charts.In the long term home loan department, the potential home buyers can spot the standard, 30 year fixed rate mortgage home loan options being offered at an interest rate of 4.125% and being backed by an annual return rate of 4.219% this Friday. In the somewhat shorter and less expensive lending section, 15 year fixed rate mortgage loan packages are available for an interest price of 3.375% and an annual percentage rate of 3.483% today.

When it comes to the variable rate home financing options, the interested customers can spot the best, 5 year, adjustable rate mortgage home loans being traded at an interest rate of 3.375% and carrying an annual percentage yield of 3.182% on the principal amount of home loan sanctioned by the bank. In the more flexible lending section, 7 year adjustable rate mortgage home loan packages can now be acquired at a starting interest rate of 3.500% and an APR yield of 3.166% during the initial years of the home loan tenure.

As far as the refinancing mortgage plans are considered, Chase Bank is offering the popular 30 year fixed rate mortgage loans at an interest rate of 4.125%, along with an annual percentage return of 4.240% this Friday. For the seekers of relatively shorter home loan deals, the bank offers 15 year refinancing fixed rate mortgage home loans at an interest price of 3.250% today and an annual return rate of 3.395% today.

Heading towards the adjustable rate mortgage section, the customers can spot the best 5 year refinancing home loan deals being published at an interest rate of 3.125% and being backed by an APR yield of 2.948% during the starting years of the home loan period. In the more flexible lending zone, 7 year refinancing adjustable rate mortgage deals, are now up for grabs at a starting interest rate of 3.250% and an APR yield of 3.079% on the principal amount of home loan secured from the 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.

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About the author

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