Higher Mortgage Interest Rates at Chase Bank on March 31, 2014

After dealing with a fair amount of regular ups and downs for the past few days, the major US based financier, JP Morgan Chase Bank (NYSE: JPM) chose to move along the same lines and take its benchmark 30 year fixed mortgage interest rates to new heights on March 31, 2014. Today, defying the movement of several other mortgage providers, Chase Bank published its ideal home purchase and refinancing mortgage deals at higher lending rates as compared to yesterday.

According to the newly released mortgage information, the standard, long term, 30 year fixed rate mortgage home loans are being traded at an interest rate of 4.500% and are offering an annual percentage rate of 4.575% today. Alternatively, in the short term home loan section, the interested borrowers can spot the 15 year fixed rate mortgage deals coming out at an interest price of 3.625% and being backed by an annual return rate of 3.808% today.

As far as the adjustable rate mortgage deals go, the potential home loan shoppers can find the ideal 5 year variable rate home loans being listed against a starting interest charge of 3.625% and an APR yield of 3.217% to start with. On the other hand, for the borrowers interested in enjoying more flexible interest rates, the bank offers the best 7 year adjustable rate mortgage home loan plans at an interest rate of 3.625% and an annual percentage yield of 3.324% during the starting years of the loan tenure.

With regards to the refinancing home loan products, the bank is currently offering its popular 30 year fixed rate mortgage home loan options at an interest price of 4.500% and an annual return rate of 4.585% this Monday. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate home loans are up for grabs at a lending rate of 3.500% and an annual percentage return equivalent to 3.701% today.

When it comes to enjoying variable interest rates, the potential home loan borrowers can opt for the best 5 year refinancing adjustable rate mortgage options, which are now being traded at a starting interest cost of 3.250% and are offering an APR yield of 3.094% to begin with. However, the more flexible, 7 year refinancing adjustable rate mortgage home loan packages can be seen published in the bank’s books against a lending charge of 3.500% and an APR yield of 3.244% on the principal amount of home loan taken 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.

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About the author

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