Summary of Mortgage and Refinance Interest Rates at Chase Bank on June 6, 2014

Summary of Mortgage and Refinance Interest Rates at Chase Bank on June 6, 2014

According to the latest market observations, the benchmark 30 year fixed mortgage interest rates remained intact at the top US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), on Friday, June 6, 2014. In its most up to date mortgage charts, the bank quoted its ideal home purchase and refinancing home loan packages at the same lending rates, which is bound to work in favor of the bank when it comes to steady demand of its loan products in the market.To start with, for the seekers of long term mortgage options, the US based lender is offering its standard, 30 year fixed rate mortgage home loan deals at the same interest rate of 4.250% and an annual percentage rate of 4.324%. In the relatively shorter home loan section, 15 year fixed rate mortgage home loan deals are now traded at an interest cost of 3.375% and are carrying an annual percentage yield of 3.538% this Friday.

In the flexible home loan section, the interested borrowers can find the best 5 year adjustable rate home loans being traded at a starting interest rate of 3.500% and an annual percentage return of 3.090% on the principal amount of home loan secured from the bank. For the potential home buyers, who are interested in secure more flexible home loan deals, the bank offers its 7 year adjustable rate mortgage deals at an interest rate of 3.625% and an annual percentage rate of 3.225% during the starting years of the home loan tenure.

Heading towards the to the refinancing lending department, the interested customers can find the popular 30 year fixed rate mortgage home loans being published at an interest cost of 4.250% and carrying an annual percentage yield of 4.334% today. In the short term refinancing division, 15 year fixed rate home loan packages are now quoted at a lending rate of 3.375% and an annual return rate of 3.483% today.

For the seekers of variable home loan rates, the bank is now offering its best 5 year refinancing adjustable rate mortgage packages at a starting mortgage rate of 3.250% and an annual return rate of 2.992% during the initial years of the home loan period. In the more flexible home refinancing section, 7 year adjustable rate mortgage packages can be locked in at an interest rate of 3.375% and an annual return percentage of 3.127% on the basic 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.