Summary of Standard and Refinancing Mortgage Interest Rates at Chase Bank on April 29, 2014

Summary of Standard and Refinancing Mortgage Interest Rates at Chase Bank on April 29, 2014After remaining calm of a major part of the month, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), chose to walk down the same road and published no change to its benchmark 30 year fixed mortgage interest rates on April 29, 2014. According to the new mortgage information released by the bank this Tuesday, the ideal home purchase and standard refinancing deals are coming out at the same interest rates as yesterday.

In the current, standard, long term home financing section, the top mortgage lender continues to charge the same interest cost of 4.375% and offer an annual percentage rate of 4.449% for its 30 year fixed rate mortgage home loan deals today. However, with regards to the shorter, 15 year, fixed rate mortgage deals, the bank charges an interest rate of 3.500% and offer an annual return rate of 3.682% to begin with.When it comes to flexible rate mortgage home loans options, the bank is now charging the same interest rates for its best 5 year adjustable rate mortgage deals, which equals to 3.500%, and offers the an annual percentage return of 3.100% on the principal amount of home loan acquired from the bank. In the more flexible lending section, the 7 year adjustable rate mortgage schemes can be seen coming out at an interest price of 3.625% and an annual return rate of 3.236% during the initial years of the home loan period.

With regards to the refinancing mortgage deals, Chase Bank is now offering its popular 30 year fixed rate mortgage loan schemes at an interest rate of 4.375% and an annual percentage yield of 4.471%. On the contrary, the lending rates for the shorter, 15 year refinancing fixed rate mortgage home loan packages also remained steady at 3.500% and are accompanied by an APR yield of 3.627% today.

The overall picture is no different in the variable interest refinancing department, where the 5 year adjustable rate mortgage home loan plans are being traded at a starting interest rate of 3.250% and are banked by an annual return rate of 3.002% during the starting years of the home loan tenure. In the more flexible home loan section, the bank is currently offering its 7 year refinancing adjustable rate mortgage loan schemes at an interest rate of 3.375% and an annual percentage yield of 3.138% 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.