Mortgage Interest Rates at Chase Bank Show No Movement on April 2, 2014

Choosing to walk along the same path, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), made no absolute changes to its benchmark 30 year fixed mortgage interest rates on April 2, 2014. In comparison to yesterday’s mortgage figures, the lending rates, at which standard home purchase and refinancing home loans are coming out today, haven’t changed a bit, which will definitely act in the favor of Chase Bank in the market.

For the eligible borrowers, who are in search of ideal long term home financing deals, the bank is currently offering its standard 30 year fixed rate mortgage home loan plans at an interest price of 4.500% and an annual percentage rate of 4.596% today. On the contrary, 15 year fixed rate mortgage home loan plans can be secured at an interest rate of 3.750% and an annual percentage yield of 3.897% today, by the borrowers, who are willing to follow the short term approach towards securing the adequate amount of new home finances.

Heading towards the flexible financing division, the mortgage provider is currently offering its best 5 year adjustable rate mortgage loan options at a lending rate of 3.500%, along with an annual return equivalent to 3.100% during the starting years of the home loan period. However, for the seekers of more flexible interest rates, 7 year adjustable rate mortgages would be an ideal pick at a starting interest price of 3.750% and an APR yield of 3.285% to begin with.

Moving ahead to the refinancing sections, the interested borrowers can spot the popular 30 year fixed rate mortgage plans being traded at an interest rate of 4.500% and carrying an APR yield of 4.607% today. On the other hand, the shorter, 15 year counterparts of the 30 year refinancing fixed mortgage loan products can now be acquired at an interest rate of 3.625% and an annual return rate of 3.753% this Wednesday.

As far as the adjustable rate mortgage products are considered, the mortgage lender publishes its best 5 year refinancing home loan deals at a starting lending rate of 3.250% and an APR yield of 3.002% to begin with. However, the 7 year refinancing adjustable rate mortgage home loan plans can be acquired by those, looking forward to more flexibility, at an interest rate of 3.500% and an annual return equivalent to 3.187% on the primary 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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About the author

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