Current Mortgage Rates at the Chase Bank on August 8, 2014

Current Mortgage Rates at the Chase Bank on August 8, 2014The Home mortgage rates at the JP Morgan Chase Bank (NYSE: JPM) did show some signs of alterations on August 8, 2014. The interest rates for the benchmark 30 year mortgage loans  did increase a little bit. Even though the change in the rates of interest is a really small one, it can surely have a strong effect on the probable home loan buyers who are willing to take up a mortgage loan at JP Morgan Chase Bank. The qualified home loan buyers visiting the bank on Friday for acquiring the standard loan for 30 years might get a little bit disappointed.

The benchmark 30 year home mortgage deals at JP Morgan Chase Bank (NYSE: JPM) are available at an interest rate of 4.375% on Friday. Such a financial deal would yield an annual
percentage rate of 4.449% which is also a bit high than yesterday.  However, the people who are finding it pretty difficult to choose the long term mortgage schemes, can opt for the short  term 15 year mortgage schemes which stand at 3.500% interest rate and APR of 3.66% as on August 8, 2014. The interest rate for the short term fixed loan mortgages did remain  unchanged today.

Moving on to the more flexible financing alternatives, the probable home mortgage shoppers can easily find the best 5 year adjustable rate mortgage schemes at an interest rate of 3.625% which is a bit more than yesterday. These financial schemes did came along with a starting APR of 3.134%. The 7 year adjustable rate mortgage options stand at 3.625% as on August 8, 2014 with an adjustable percentage rate of 3.236%,

The interested home borrowers could easily acquire the popular 30 year refinance fixed rate schemes at a rate of interest of 4.250% and an annual percentage rate of 4.324%. The short term counterparts of the 30 year refinance mortgage options are available at 3.375% along with an APR of 3.557%. As far as the adjustable rate mortgage schemes are concerned, the 5 year ARMs can be acquired at 3.125% interest rate along with an annual percentage rate of 2.958%. The 7 year ARMs are up for grabs at an interest rate of 3.375% on Friday along with an APR of 3.107%.

The Kanawha County branch of the JP Morgan Chase Bank was robbed by a suspect equipped with a semi-automatic hand gun. The good news however came later from the crime scene that no one was injured in 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.