Mortgage Interest Rates Enjoy a Steady Run at Chase Bank on May 30, 2014

Mortgage Interest Rates Enjoy a Steady Run at Chase Bank on May 30, 2014

Traveling along the steady course, one of the top US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), decided to keep its benchmark 30 year fixed mortgage interest rates steady on May 30, 2014. This Friday, in the most up to date mortgage information released by the bank, the standard new home purchase and ideal refinancing home loan deals are being traded at the same lending rates as yesterday, which certainly isn’t capable of affecting the demand of JPM loan products in the market.In the long term home financing division, the bank is offering it standard 30 year fixed rate mortgage home loan deals at an interest rate of 4.125% and an annual return rate of 4.198% this Friday. For the seekers of less expensive and shorter home loan deals, the bank publishes 15 year fixed rate mortgage home loan plans in its loan books at an interest rate of 3.250% and an annual percentage rate of 3.413% today.

For the mortgage shoppers, who are seeking ideal home loans at flexible interest rates, the 5 adjustable rate mortgage deals would serve as perfect options at a starting interest rate of 3.375% and an APR yield of 3.046% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans can be locked in at an interest rate of 3.500% and an annual return rate of 3.166% on the basic amount of home loan sanctioned by the bank.

In the refinancing arena, the interested customers can now opt for the popular 30 year refinancing fixed rate mortgage home loan deals, which are now being advertised at an interest rate of 4.125% and are accompanied by an annual percentage yield of 4.209%. The relatively shorter, 15 year refinancing fixed rate home loan packages are now priced at an interest rate of 3.125% and are offering an APR yield of 3.305% this Friday.

When it comes to the adjustable rate mortgage home refinancing options, the 5 year variable rate home loan plans can be locked in at a starting interest rate of 3.125% today and an annual percentage return of 2.958% on the principal amount of home loan secured from the bank. For the seekers of more flexible refinancing options, 7 year adjustable rate mortgage home loan schemes are available at an interest rate of 3.250% and an annual percentage rate of 3.069% 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.

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About the author

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