Mortgage Interest Rates Are Holding Steady at Chase Bank on June 9, 2014

Mortgage Interest Rates Are Holding Steady at Chase Bank on June 9, 2014

At the start of a new trading week, the top US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), decided to make no pleasant or unpleasant changes to its benchmark 30 year fixed mortgage interest rates on June 9, 2014. This Monday, the potential home buyers, who are looking forward to secure ideal home purchase or refinancing mortgage deals from Chase Bank, will find no change in the mortgage interest rates as compared to the previous week.According to the most recent mortgage information released by the bank today, the benchmark 30 year fixed rate mortgage home loans are up for grabs at the same interest rate of 4.125% and an annual return rate of 4.250%. In the short term home loan section, the 15 year fixed rate mortgage home loans are coming out at an interest price of 3.375% and an annual return rate of 3.502% this Monday.

The potential home buyers, who are seeking flexible home loan deals, can now secure the ideal 5 year adjustable rate mortgage home loans at an interest rate of 3.250% and an annual percentage yield of 3.002% during the starting years of the home loan period. For the borrowers, who are interested in more flexible interest rates, the bank is now offering 7 year adjustable rate mortgage home loans at a starting interest rate of 3.375% and an annual percentage yield of 3.138% on the basic amount of home loan secured from the bank.

Heading towards the refinancing home loan division, the interested borrowers can find the popular 30 year fixed rate mortgage home loan plans being published in the bank’s loan portfolio at an interest rate of 4.125% and an APR yield of 4.240% this Monday. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan schemes can now be locked in at an interest rate of 3.250% and an annual percentage return of 3.394% today.

As far as the adjustable rate mortgage plans are concerned, the potential refinancing customers can spot the best 5 year refinancing variable rate home loans being sitting next to at a lending cost of 3.125% and carrying an annual return rate of 2.968%. The borrowers, who are interested in more flexible lending rates, 7 year refinancing adjustable rate home loan deals, would be perfect options at an interest rate of 3.375% and an annual percentage yield of 3.118% during the initial years of home loan tenure.

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.