Summary of Current Mortgage Interest Rates at Chase Bank on July 15, 2014

Summary of Current Mortgage Interest Rates at Chase Bank on July 15, 2014Following the same pricing approach as it has followed from the past few days, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), decided to keep its benchmark 30 year fixed mortgage interest rates steady on July 15, 2014. This Tuesday, from the seekers of new home purchase as well as refinancing home loan deals, the bank is charging same lending rates as quoted in its books yesterday.

Firstly, having a closer look at the standard, long term home loan offerings of the bank, the potential home buyers can spot the 30 year fixed rate mortgage home loans being listed at an interest rate of 4.250% and an annual percentage rate of 4.313% today. The short term, 15 year fixed rate mortgage home loan packages are now up for grabs at an interest rate of 3.375% and an annual percentage rate of 3.520% today.In the adjustable rate mortgage home loan section, the potential home buyers can find the 5 year flexible home loan plans being traded at a starting rate of 3.500% and carrying an annual return rate of 3.100% on the principal amount of home loan sanctioned by the bank. The borrowers, who are planning on procuring more flexible home loan packages, can now opt for the 7 year adjustable rate mortgage home loan plans, which are currently traded at an interest cost of 3.625% and an annual percentage rate of 3.225% during the starting years of home loan tenure.

Heading towards the refinance home loan division, the mortgage shoppers find the popular 30 year fixed rate mortgage home loan plans being listed next to an interest rate of 4.250% and an annual percentage yield of 4.302% this Tuesday. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage deals are now up for grabs at an interest rate of 3.250% and are accompanied by an APR yield of 3.376% today.

For the borrowers, who are interested in flexible home loan deals, the bank currently offers its best 5 year refinancing adjustable rate mortgage home loans at an interest price of 3.125% and an APR yield of 2.968% during the initial years of home loan period. The more flexible, 7 year adjustable rate mortgage home loans can now be locked in at an interest rate of 3.500% and an APR yield of 3.255% on the principal amount of home loan secured 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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Rob is a analyst and reporter covering stocks and business news.