Daily Mortgage Interest Rates: Chase Bank – July 17, 2014

Daily Mortgage Interest Rates: Chase Bank - July 17, 2014

This Thursday, at the topmost US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates experienced a minor hike. As per the new mortgage information released by the bank on July 17, 2014, the interested borrowers can now find the ideal home purchase as well as refinancing home loan packages being traded at a higher interest rate as compared to yesterday.Today, the standard, long term, 30 year fixed rate mortgage home loans can be seen listed in the bank’s books against an interest rate of 4.250% and an annual percentage rate of 4.345%. The borrowers, who are interested in locking in short term home loan schemes, can now opt for the 15 year fixed rate mortgage home loan plans, which are currently traded at an interest rate of 3.375% and an annual percentage yield of 3.575% this Thursday.

For the potential home buyers, who are seeking more flexibility in terms of interest rates, the bank offers its 5 year adjustable rate mortgage home loan options at a starting interest rate of 3.625% and an annual percentage yield of 3.134% during the initial years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage loans are now up for grabs at a lending rate of 3.625% and an annual percentage yield of 3.236% on the principal amount of home loan sanctioned by the bank.

With regards to the refinancing home loan options, the overall picture experienced minor changes. As of now, the popular 30 year refinancing fixed rate mortgage home loans can be seen advertised at an interest rate of 4.250% and are accompanied by an APR yield of 4.334%. The relatively shorter, 15 year refinancing fixed rate mortgage loans can be seen listed at a lending price of 3.375% and are carrying an annual return rate of 3.502% today.

When it comes to adjustable rate mortgage deals, the interested customers can spot the ideal 5 year refinancing home loans being traded at an interest cost of 3.250% and an APR yield of 3.002% during the starting years of the home loan period. The more flexible, 7 year refinancing adjustable rate mortgage home loan options can now be locked in at an interest rate of 3.375% and an annual percentage yield of 3.138% 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.