Current Mortgage Interest Rates Quoted by Chase Bank on May 19, 2014

Current Mortgage Interest Rates Quoted by Chase Bank on May 19, 2014

The after effects of the rapid economic changes and market fluctuations didn’t seem to stop making their impact in the world of mortgage lending. At the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates experienced minor changes on May 19, 2014. After remaining grounded for the past few weeks, the standard home purchase and refinancing home loan interest rates changed their course this Monday.Believing the new mortgage information released by the bank at the beginning of a new trading week, the standard, long term, 30 year fixed mortgage home loan deals are coming out at an interest rate of 4.250% and an annual percentage rate of 4.302% today. In the short term home financing section, the 15 year fixed rate mortgage home loan packages are published at an interest price of 3.375% and an APR yield of 3.520% this Monday.

For the seekers of flexible home loan options, the bank is now offering its ideal 5 year adjustable rate mortgage home loans at a starting interest rate of 3.375% and an annual percentage return of 3.046% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loan plans can now be secured at an interest price of 3.500% and enjoyed along with an annual return rate of 3.176% on the principal amount of home loan secured from the bank.

For the mortgage shoppers, who are planning on refinancing their existing investments, the bank is now offering its popular 30 year fixed rate mortgage home loans at a lending rate of 4.250% and an APR yield of 4.324% this Monday. The short term, 15 year counterparts of the 30 year refinance fixed rate mortgage loans are now published against an interest rate of 3.250% and are carrying an annual return rate of 3.431%.

When it comes to the adjustable rate mortgage options, the potential borrowers can find the 5 year refinancing home loan deals being traded at an interest rate of 3.125% today and an annual percentage yield of 2.958% on the basic amount of home loan secured by the borrowers from JP Morgan Chase Bank. The more flexible, 7 year adjustable rate mortgage home loans can now be locked in at a starting interest rate of 3.375% and APR yield of 3.107% during the initial years of the home loan period.

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.