Current Mortgage Interest Rates at Chase Bank on May 15, 2014

Current Mortgage Interest Rates at Chase Bank on May 15, 2014

This Thursday, which is normally known as carrier of bad news for the potential home buyers, brought along no change in the benchmark 30 year fixed mortgage interest rates at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM). As per the latest mortgage information published by the bank on May 15, 2014, the standard home purchase and ideal refinancing home loan deals are coming out at the same interest rates as yesterday.As of now, in the standard, long term home financing section, the bank offers 30 year fixed rate mortgage home loans at the same interest rate of 4.250% and an annual percentage rate of 4.334%. In the short term lending section, the 15 year fixed rate mortgage home loans are now coming out at an interest rate of 3.375% and accompanied by an annual return rate of 3.538% today.

Shifting interest towards the flexible home loan deals, the mortgage shoppers can spot the best 5 year adjustable rate mortgage deals being traded at an interest rate of 3.375% and are backed by an annual percentage rate of 3.056% on the basic amount of home loan taken from the bank. For the seekers of more flexible lending options, 7 year adjustable rate mortgages are now coming out at a starting interest rate of 3.500% and are offering an annual percentage yield of 3.187% during the starting years of the home loan tenure.

In the refinancing home loan section, the customers can spot the popular 30 year fixed rate mortgage home loans being listed at an interest rate of 4.250% and carrying an annual percentage yield of 4.356%. For the borrowers, who are willing to take a shorter route towards home refinancing, the bank offers 15 year refinancing fixed rate mortgage packages at an interest rate of 3.375% and an annual percentage yield of 3.483% this Thursday.

In the adjustable rate mortgage loan division, the interested mortgage shoppers can spot the best 5 year refinancing home loan deals being published at a starting interest rate of 3.125% and carrying an annual percentage return of 2.968% during the starting years of the home loan period. The more flexible, 7 year refinancing adjustable rate mortgage loans can now be locked in at an interest rate of 3.375% and an annual return rate of 3.117% 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.