Mortgage Interest Rates Remained Stable at Chase Bank on May 28, 2014

Mortgage Interest Rates Remained Stable at Chase Bank on May 28, 2014

This Wednesday did not bring along any pleasant or unpleasant change in the benchmark 30 year fixed mortgage interest rates at one of the largest US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM). In the latest mortgage information made available by the lender on May 28, 2014, interested home buyers can spot the ideal new home purchase and standard refinancing home loan deals being listed at the same lending rates as yesterday.A closer look into the long term home loan section of Chase Bank’s loan portfolio will reveal that the standard, 30 year fixed rate mortgage deals are now published against an interest rate of 4.125% and carrying an annual percentage rate of 4.240% today. The relatively shorter, 15 year fixed rate mortgage home loan packages are now tagged with an interest price of 3.375% and an annual percentage yield of 3.520% this Wednesday.

As far as the flexible lending options are concerned, the mortgage lenders can spot the best 5 year adjustable rate home loans being traded at a starting interest rate of 3.375% and being accompanied by an annual percentage yield of 3.056% on the basic amount of home loan secured from the bank. In the more flexible lending wing, 7 year adjustable rate home loans are now up for grabs at a lending rate of 3.500% and an annual percentage yield of 3.187% during the starting years of the home loan tenure.

Heading towards the refinancing home loan section, mortgage shoppers can spot the popular 30 year fixed rate mortgage home loan deals being traded at an interest rate of 4.250% and are coming along with an annual return rate of 4.324% today. For the seekers of short term home loan options, 15 year refinancing fixed rate mortgage packages can be seen advertised at an interest rate of 3.250% and an annual percentage return of 3.431%.

In the adjustable rate mortgage division, the best 5 year refinancing home loan plans can now be secured at an interest price of 3.125% and an annual return rate of 2.968% for the starting years of the home loan period. For the mortgage shoppers, who are planning on securing more flexible home loan packages, the bank offers 7 year refinancing variable rate home loans at a starting interest rate of 3.375% and an APR yield of 3.107% 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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About the author

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