Mortgage Interest Rates at Chase Bank on May 9, 2014

Mortgage Interest Rates at Chase Bank on May 9, 2014

Moving along its usual lines, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), did not make any change to the benchmark 30 year fixed mortgage interest rates on May 9, 2014. This Friday, in its latest mortgage rate charts, the mortgage provider quoted ideal home purchase and refinancing home loan deals at the same interest rates as yesterday, thereby retaining the demand of JPM loan products in the market.

To start with, in the long term home loan section, bank is currently offering the standard, long term 30 year fixed rate mortgage home loans at an interest rate of 4.250% and an annual percentage rate of 4.313% today. Alternatively, the interested borrowers can look out for the shorter, 15 year fixed rate mortgage home loan plans, which are now coming out at an interest rate of 3.375% and an APR yield of 3.557% this Friday.

In the adjustable rate mortgage home loan section, Chase bank now publishes its best, 5 year variable rate mortgage options at an interest rate of 3.500% and an annual return rate of 3.090% during the initial years of the home loan tenure. For the mortgage shoppers interested in more flexible interest rates, bank offers its 7 year adjustable rate mortgage home loan packages at an interest rate of 3.500% and an annual percentage yield of 3.187% on the basic amount of home loan sanctioned by Chase Bank.

Heading towards the refinancing section, the home loan seekers can find the popular 30 year fixed rate mortgage home loans quoted at an interest rate of 4.250% and are backed by an APR yield of 4.334%. For the interested customers, who are planning on taking a shorter route for refinancing their existing investments, the bank offers its 15 year fixed rate mortgage home loan options at a lending cost of 3.375% and an APR yield of 3.502%.

As far as the adjustable rate mortgage options are concerned, the best 5 year refinancing deals can be locked in at a starting interest rate of 3.250% and an annual return rate of 2.992% on the principal amount of home loan taken from Chase Bank. In the more flexible lending section, the bank quotes 7 year counterparts of the 5 year refinancing adjustable rate mortgage home loan plans at an interest rate of 3.750% and an annual percentage yield of 3.363% during the starting 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.

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.