Daily Mortgage Interest Rates at Chase Bank on May 6, 2014

Today Mortgage Interest Rates at Chase Bank on May 6, 2014

This week, for the second day in a row, the benchmark 30 year fixed mortgage interest rates are holding firm at the major US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM) on May 6, 2014. This Tuesday, rowing along its usual stream, the mortgage lender is now offering its ideal home purchase and refinancing home loan plans at the same interest rates as yesterday, thereby making no change to the overall demand of JPM home loans in the market.To start with, in the standard, long term home loan section, the bank is now offering its best 30 year fixed rate mortgage home loan plans at an interest rate of 4.250% and an annual percentage rate of 4.334%. However, in the short term home loan section, the bank attempts to please the interested customers by quoting the 15 year fixed rate mortgage loans at an interest rate of 3.500% and an impressive APR yield of 3.664% today.

As far as the adjustable rate mortgage options are considered, Chase Bank now offers its best 5 year variable rate home loan deals at an interest rate of 3.500% and an annual percentage yield of 3.090% on the principal amount of home loan sanctioned by the bank. On the other hand, the more flexible, 7 year adjustable rate mortgage deals are coming out at an interest rate of 3.500% and are backed by an APR yield of 3.187% during the starting years of the home loan period.

Heading towards the refinancing arena, the popular 30 year fixed rate mortgage schemes can be seen published at an interest rate of 4.250% and being backed an annual percentage rate of 4.356% this Tuesday. Alternatively, the relatively shorter, 15 yea counterparts of the refinancing fixed rate mortgage home loans can be secured at an interest rate of 3.500% today and an annual return rate of 3.609% to begin with.

For the seekers of more flexibility in terms of interest rates, Chase bank offers its exclusive 5 year refinancing adjustable rate mortgage loans at a starting interest rate of 3.250% and an annual percentage rate of 2.992% during the beginning years of the loan period. However, the more flexible, 7 year refinancing adjustable rate home loan packages can be seen listed at an interest rate of 3.375% and carrying an APR yield of 3.117% on the basic amount of home loan offered by 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.