Current Standing of Home Mortgage Interest Rates at Chase Bank On August 13, 2014

Current Standing of Home Mortgage Interest Rates at Chase Bank On August 13, 2014

On Wednesday, August 13, 2014, one of the best banks in the United States of America, JP Morgan Chase Bank (NYSE: JPM) didn’t chose to make any major changes in its standard 30  year fixed mortgage schemes. The annual percentage rate did increase a little bit however it didn’t really had any positive or negative effect on the mortgage scheme’s sale. The probable home mortgage shoppers who were looking to opt for home mortgage schemes at JP Morgan Chase Bank on Wednesday might not find any noticeable changes in the interest rates.

The standard 30 year home mortgage plans at JP Morgan Chase bank were listed at an interest rate of 4.250% along with an annual percentage rate of 4.356%. The APR on the 30 year loans increased a little bit from yesterday. For the individuals who are looking for short term fixed mortgage options can opt for the 15 year variants of the benchmark loans. These loans stood at an interest rate of 3.500%. The 15 year mortgage schemes do yield an APR of 3.646%.

Potential home mortgage shoppers can even opt for flexible options named ARMs to finance their dream of buying a home. The 5 year adjustable rate mortgage options are available at a rate of interest of 3.750% and an APR of 3.179% today. The long term 7 year ARMs can be acquired at an interest rate of 3.625% and an annual percentage rate of 3.236^%.

Refinancing mortgage schemes can also be selected by the potential home loan buyers as they are quite affordable in nature. The standard 30 year refinance fixed rate mortgage rates are available at 4.250% at JP Morgan Chase Bank along with an annual percentage rate of 4.302%. The short term 15 year refinance mortgage schemes have been published at an interest rate of 3.375% and an APR of 3.538%.

The JP Morgan Chase Bank even offers flexible ARMs to the home mortgage shoppers. The 5 year ARMs at Chase Bank can be acquired at a rate of interest of 3.125% and an APR of 2.968%. The 7 year ARMs are being offered at 3.375% interest rate yielding an annual percentage rate of 3.107%.

Chase Bank branch in Munster recently got robbed and the Police are now searching for a suspect in the case. Reportedly, a man came in the bank’s branch located at 545 Ridge road and did give the teller a note that demanded money. The police authorities are hopeful that the suspect will be caught soon.

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.