Mortgage Interest Rates Show No Movement at Chase Bank on March 24, 2014

After moving along the decent lines and showing its worst facet, as well, during the last week, the benchmark 30 year fixed mortgage interest rates at the top US based mortgage provider, JP Morgan Chase Bank (NYSE: JPM), found a place to rest still on March 24, 2014. The potential borrowers, who are willing to secure the ideal home purchase or refinancing home loan deals today, will find the home loan packages being traded at the interest rates, similar to the ones published toward the end of the previous week.

Believing the current mortgage information made available by the bank in the market, the standard, long term, 30 year fixed rate mortgage home loan plans can be locked in at the same interest rate of 4.500% and an annual percentage rate equivalent to 4.607% today. With regards the relatively shorter, 15 year fixed rate mortgage home loans, the bank is currently charging an interest price of 3.625% from, and offering an APR yield of 3.808% to, the interested borrowers this Monday. 

As far as the variable rate home loan deals are considered, the bank is currently offering the best 5 year adjustable rate mortgage home loans at a starting interest cost equivalent to 3.375% and an annual percentage return of 3.100% during the initial years of the home loan tenure. In the more flexible lending division, the interested customers can spot the 7 year adjustable rate mortgage packages being listed next to an interest price of 3.750% and carrying an annual return rate of 3.285% today.

Heading towards the refinancing home loan section, the mortgage shoppers can spot the popular 30 year fixed rate mortgage home loans being advertised at a lending cost of 4.500% and an APR yield of 4.618% today. On the other hand, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage loans can be locked in at an interest rate of 3.500% today and an annual percentage yield of 3.701%.

When it comes to the flexible lending section, the overall picture remained somewhat same, as the 5 year refinancing adjustable rate mortgage deals are still being traded at the same interest rate of 3.250% and are carrying an annual rate of 3.002% to start with. In the more flexible home loan category, the bank currently offers its ideal, 7 year refinancing adjustable rate mortgage loans at a starting interest rate of 3.500% and an annual percentage rate of 3.187% on the initial amount of home loan acquired from 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.