Mortgage Interest Rates at Chase Bank Moved to a Higher Level on June 4, 2014

Mortgage Interest Rates at Chase Bank Moved to a Higher Level on June 4, 2014At the largest US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates experience a sudden hike on June 4, 2014. According to the most up to date mortgage information released by the bank this Wednesday, the borrowers, who are interested in funding the new home purchase or refinancing investment through ideal finances, will find no change in the lending rates today.

Today, in the standard, long term home financing section, 30 year fixed rate mortgage home loans can be seen listed against a higher interest rate of 4.250% and offering an annual percentage rate of 4.313%. With regards to the short term lending options, 15 year fixed rate mortgage home loan deals can be seen advertised at an interest rate of 3.375% and annual return rate of 3.520% this Wednesday.The mortgage shoppers, who are keen on securing ideal funds at flexible interest rates, can opt for 5 year adjustable rate mortgage home loans, which are now being traded at an interest rate of 3.500% and are backed by an annual percentage yield of 3.100% on the basic amount of mortgage loan secured from the bank.  The seekers of more flexible lending rates can opt for the 7 year adjustable rate mortgage home loans, which are now tagged with an interest price of 3.625% and carry an APR yield of 3.225% during the starting years of the home loan tenure.

In the refinancing home loan division, the bank is currently offering its popular 30 year fixed rate mortgage home loan plans to the interested borrowers at a lending rate of 4.250% and an APR yield of 4.324% today. In the relatively shorter and less expensive lending section, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan schemes are published against an interest cost of 3.250% and an annual percentage return of 3.413% this Wednesday.

As far as the adjustable rate mortgage deals are concerned, the potential borrowers can secure the best 5 year refinancing variable rate home loans by bearing a lending cost of 3.250% and agreeing to an APR yield of 3.002% during the initial years of the home loan tenure. In the more flexible lending section, 7 year refinancing adjustable rate home loan deals are quoted at an interest rate of 3.250% and an APR yield of 3.069% on the principal amount of home loan sanctioned 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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Rob is a analyst and reporter covering stocks and business news.