Overview of Current Conventional and Refinancing Home Loan Rates at Chase Bank on January 29, 2014

After enjoying a pleasant trip to the south yesterday, the standard and refinancing mortgage interest rates at JP Morgan Chase Bank (NYSE: JPM) didn’t move a bit on January 29, 2014. Today, the potential borrowers will find the benchmark 30 year fixed mortgage interest rates hanging around the same point as yesterday.

According to the newly released home loan charts by the mortgage lender, the mortgage shoppers can acquire the standard 30 year fixed rate mortgage home loans at a lending rate of 4.375% and an annual percentage rate of 4.481% today. On the other hand, the borrowers interested in short term financing options can go for the 15 year fixed rate mortgage offerings, which are now coming out at an interest price of 3.625% and are backed by an APR yield of 3.808%.

In the adjustable rate mortgage division, the borrowers can spot the ideal 5 year deals trading at an interest rate of 3.375% and carrying an annual return of 3.138% to begin with. However, the best and the more flexible, 7 year variable rate home loan plans are being advertised at a starting rate of 3.625% and an APR yield of 3.304%.

Heading towards the refinancing home loan department, the prospective customers will find the popular 30 year fixed rate mortgage home loans sitting next to a lending charge of 4.500% and an annual yield of 4.564% today. However, the short term, 15 year refinancing fixed rate home loan packages can be locked in at a rate of 3.625% and an annual percentage rate of 3.734%.

As far as the adjustable rate mortgage home loans are concerned, the bank is currently offering its best 5 year refinancing packages at a starting rate of 3.375% and an APR yield of 3.128%. On the other hand, the 7 year refinancing adjustable rate mortgage plans are up for grabs at a rate of 3.500% and an APR yield of 3.265% to begin with.

On a saddening note, Gabriel Magee, the Vice President of Technology at JP Morgan Chase Bank’s London branch, jumped to his death from the top of the huge Chase Bank skyscraper situated at riverfront in London. Magee, who has been enjoying favorable work reviews and impressive annual bonus, jumped from the 33 story tower of Chase Bank located in the Canary Wharf section and died on the spot.  

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.