Mortgage Interest Rates are Holding Steady at Chase Bank on May 29, 2014

Mortgage Interest Rates are Holding Steady at Chase Bank on May 29, 2014

The mortgage shoppers, who are planning on visiting the local branches of the major US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM) on May 29, 2014, will find no change in the benchmark 30 year fixed mortgage interest rates. Today, the ideal home purchase and standard refinancing home loan deals are listed at the same lending rates as yesterday, which is expected to work in the favor of Chase Bank in the form of stable market demand of its loan products.A peek into the latest mortgage information made available by the bank today will reveal that the standard, long term, 30 year fixed rate mortgage home loans are coming out at the same interest rate of 4.125% and an annual percentage rate of 4.167%. The relatively shorter, 15 year fixed rate mortgage home loan packages are now published against a lending rate of 3.250% and are accompanied by an annual return rate of 3.394% today.

In the flexible home financing division, the bank is now offering its best 5 year adjustable rate mortgage loans against at an interest rate of 3.375% and an annual percentage yield of 3.046% during the starting years of the home loan period. In the more flexible lending arena, 7 year adjustable rate mortgage home loan schemes can now be seen quoted at a starting interest rate of 3.500% and an annual return rate equivalent to 3.166% on the principal amount of home loan taken from the bank.

In the refinancing mortgage department, the customers can spot the popular 30 year fixed rate mortgage loans being listed at an interest rate of 4.125% today, and carrying an annual percentage rate of 4.198% today. For the seekers of relatively shorter refinancing deals, 15 year counterparts of the 30 year refinancing fixed rate home loan options can be locked in at an interest rate of 3.125% and an annual return rate of 3.287%.

As far as the adjustable rate mortgage loans are concerned, the bank is now offering its best 5 year refinancing variable rate home loans at an interest rate of 3.125% and an annual percentage yield of 2.948% on the basic amount of home loan sanctioned by the bank. The more flexible, 7 year refinancing adjustable rate home loans can now be secured at a starting interest rate of 3.250% and an APR yield of 3.069% during the initial years of the home loan period.

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.