Mortgage Interest Rates Remain Steady at Chase Bank on March 4, 2014

At the top US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates registered no pleasant or unpleasant movement on March 4, 2014. This Tuesday, the interested borrowers, will find the ideal new home purchase as well as home refinancing mortgage deals being traded at the same interest rates as yesterday, thereby making the JPM loan products more attractive in the present market.

As per the most up to date mortgage interest information made available by the bank, the standard, long term, 30 year fixed rate mortgage home loans can be found published against an interest rate of 4.375% and being backed by an annual percentage rate of 4.4495 today. In regards to the short term, 15 year fixed rate mortgage home loan deals, the interested borrowers might have to deal with an interest price of 3.500% and annual return rate of 3.664%.

The mortgage shoppers, who are yearning for flexible home loan deals, can opt for the ideal 5 year adjustable rate mortgage home loans, which are now coming out at an interest rate of 3.250% and are accompanied by an annual percentage yield of 3.002% to begin with. On the other hand, the seekers of more flexible interest rates can find the 7 year adjustable rate mortgage home loans being traded at a starting interest rate of 3.375% and an APR yield of 3.138%.

Shifting sights to the refinancing home loan division, the bank publishes its popular 30 year fixed rate mortgage home loan plans in its loan portfolio against a lending charge of 4.375% and an APR yield of 4.460% today. On the contrary, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan schemes can be secured at an interest price of 3.375% and an APR yield of 3.538%.

This Tuesday, as far as the adjustable rate mortgage deals are concerned, the potential customers can spot the best 5 year refinancing variable rate home loans being advertised at a lending cost of 3.000% and carrying an APR yield of 2.924%. On the other hand, the more flexible, 7 year refinancing adjustable rate home loan deals can be locked in at an interest rate of 3.250% and an APR yield of 3.069%.

The mortgage rates quoted by the bank change due to regular movements in the price of mortgage backed financial bonds and securities, which generally track the movements of stock markets. As the Wall Street lost its ground by the end of the trading day, and left the DJIA index sitting at 15337.70, BB&T decided to move along the same route and quote its mortgage interest rates. Irrespective of the mortgage rates, the stock prices of JPM shares increased by +0.37 and crossed a new price point of 53.66.

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.