Current Mortgage Interest Rates at Chase Bank on June 2, 2014

Current Mortgage Interest Rates at Chase Bank on June 2, 2014

Despite the regular market movements and changes in the economy, the largest US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), managed to pull some strings and quote unchanged benchmark 30 year fixed mortgage interest rates on June 2, 2014. The qualified borrowers, who are planning on securing ideal home purchase and standard home refinancing loans from Chase Bank today, will find no change in the interest rates in comparison to the previous week’s figures.With regards to the standard, long term home loan offerings, the bank is now providing the 30 year fixed mortgage home loan deals at an interest rate of 4.125% and an annual percentage rate of 4.209% today. The borrowers, who are interested in taking short term home loan options, 15 year fixed rate home loan deals are trading at an interest rate of 3.250% and an annual return rate of 3.431% this Monday.

For the home buyers, who are interested in securing ideal finances at flexible interest rates, the bank is offering it best 5 year adjustable rate mortgage home loans at a starting interest rate of 3.375% and an annual return rate of 3.046% during the starting years of the home loan tenure. In the more flexible lending section, the 7 year adjustable rate mortgage home loan packages are listed at an interest rate of 3.500% and an annual return rate of 3.166% today.

When it comes to refinancing options, the bank is currently offering its popular 30 year fixed rate mortgage home loan deals at an interest rate of 4.125% and an annual percentage yield of 4.219% today. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan products are now being advertised at an interest rate of 3.250% and are carrying an APR yield of 3.376% this Monday.

For the mortgagors, who are looking forward to enjoy more flexibility in terms of lending rates, the bank quotes its 5 year refinancing adjustable rate mortgage home loan plans at an interest rate of 3.125% and an annual return rate of 2.958% during the initial years of the home loan period. Heading towards the more flexible lending section, the interested borrowers can spot the 7 year refinancing adjustable rate mortgage deals being traded at a starting 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

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