No Movement in the Mortgage Interest Rates at Chase Bank on April 8, 2014

Keeping up with its pace, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), kept its benchmark 30 year fixed mortgage home loan interest rates steady on April 8, 2014. In the recent mortgage charts released by the bank today, the ideal home purchase and fixed rate mortgage plans are being listed at the same interest rates as yesterday, thereby not affecting the demand of Chase loan products in the market.

Today, the interested mortgage borrowers, can spot standard, long term, 30 year fixed rate mortgage home loans being traded at an interest price of 4.500% and carrying an annual percentage rate of 4.575%. However, in the relatively shorter home financing section, the bank is now offering its best 15 year fixed rate mortgage home loan plans at an interest price of 3.625% and an annual percentage yield of 3.771% today.

Heading towards the flexible lending division, the mortgage shoppers can find the best 5 year adjustable rate mortgage loan packages being listed at a starting interest rate of 3.500% and carrying an APR yield of 3.090% to start with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan schemes can be secured at an interest price of 3.625% and an annual return of 3.236% during the starting years of the home loan tenure.

Shifting sights to the refinancing home loan section, the customers interested in refinancing their existing investments can find the popular 30 year fixed rate mortgage home loan plans being traded at an interest rate of 4.500% and being backed by an annual percentage rate of 4.585%. In the alternate, short term section, the bank is offering its 15 year fixed rate home loan options at a lending rate of 3.500% and an annual percentage yield of 3.682% this Tuesday.

When it comes to the flexible home loan deals, the interested borrowers can find the ideal 5 year refinancing adjustable rate mortgage home loan plans being advertised at a starting interest rate of 3.250% and an annual percentage rate of 2.992% during the starting years of the home loan period. On the other hand, the customers seeking more flexibility in terms of interest rates can spot the 7 year refinancing adjustable rate mortgage home loans coming out at a lending rate 3.500% and an APR yield of 3.166% 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.