Summary of Current Mortgage and Refinancing Interest Rates at Chase Bank on May 1, 2014

Today's Mortgage and Refinancing Interest Rates at Chase Bank on May 1, 2014

After experiencing some movement a couple of days bank, the benchmark 30 year fixed mortgage interest rates, at the major US based mortgage provider, JP Morgan Chase Bank,  decided to return and stay at home on May 1, 2014. This Thursday, both the ideal home purchase and refinancing home loan offerings are quoted at the same interest rates as yesterday, in the most up to date mortgage rate charts released by the bank.

To start off with, in the long term home loan section, the bank is presently offering its standard, 30 year, fixed rate mortgage home loans, at an interest rate of 4.375% and an annual percentage rate of 4.471% today. On the other hand, the interested borrowers can also opt for the relatively shorter, 15 year fixed rate mortgage deals, which are now quoted at an interest rate of 3.625% and are backed by an APR yield of 3.734%.

In the flexible lending zone, Chase bank is offering its best 5 year adjustable rate mortgage home loan deals at an interest rate of 3.500% and an annual return rate of 3.100% during the initial years of the home loan period. On the contrary, the more flexible, 7 year adjustable rate mortgage home loan packages can be locked in at an interest rate of 3.625% and an annual percentage yield of 3.225% on the initial amount of home loan sanctioned by Chase Bank.

Heading towards the refinancing lending section, the interest borrowers can spot the popular 30 year fixed rate mortgage home loans coming out at an interest rate of 4.375% and are backed by an APR yield of 4.492% today. On the other hand, for those, who are seeking a shorter route for fulfilling their refinancing needs, the bank offers its 15 year counterparts of the 30 year refinancing fixed rate mortgage packages at an interest rate of 3.500% and an APR yield of 3.646%.

When it comes to adjustable rate mortgage home loan deals, the best 5 year refinancing mortgage plans can be secured at an interest rate of 3.250%, along with an annual percentage yield of 3.002% on the principal amount of home loan taken from the bank. However, the more flexible, 7 year alternatives to the 5 year refinancing adjustable rate mortgage plans are up for grabs at an interest rate of 3.375% and an annual return rate of 3.138% 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.