Mortgage Interest Rates Show No Movement at Chase Bank on May 13, 2014

Mortgage Interest Rates Show No Movement at Chase Bank on May 13, 2014

Sticking to its usual pricing policy, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), did not make any alternations to its benchmark 30 year fixed mortgage interest rates on May 13, 2014. As of now, the interested borrowers can find the new home purchase as well as refinancing home loan options being traded at the same interest rates as yesterday.A closer look at the latest mortgage information published by the lender this Tuesday will reveal that the standard, long term, 30 year fixed rate mortgage home loans are being traded at an interest rate of 4.250% and an annual percentage rate of 4.345%. The borrowers, who are interested in securing short term home loan deals, can spot the 15 year fixed rate mortgage deals being advertised at an interest rate of 3.375% and an annual percentage yield of 3.575% today.

In the adjustable rate mortgage home loan section, Chase bank is now offering its best 5 year variable rate home loan deals at an interest rate of 3.500% and an annual return rate of 3.090% for the potential home buyers interested in having flexible interest rates. The more flexible, 7 year adjustable rate mortgage home loan deals are now available at an interest rate of 3.500% and an APR yield of 3.187% on the principal amount of home loan sanctioned from the bank.

When it comes to the refinancing lending schemes, the home loan seekers can spot the popular 30 year fixed rate mortgage home loans being quoted at an interest rate of 4.375% and are backed by an APR yield of 4.439% today. For the home loan seekers, who are seeking a shorter route to refinance their existing investments, the bank is offering 15 year fixed rate mortgage packages at an interest price of 3.375% and an APR yield of 3.117%.

Heading towards the adjustable rate mortgage section, the best 5 year refinancing home loan deals can be seen coming out at an interest rate of 3.250% and being backed by an annual return rate of 2.992% on the basic amount of loan taken from the bank. The more flexible, 7 year counterparts of the 5 year refinancing variable rate home loan plans can be locked in at an interest rate of 3.375% and an APR yield of 3.117% during the starting years of the home loan tenure.

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.