Today’s Chase Bank Home Mortgage Rates (August 6, 2014)

Today's Chase Bank Home Mortgage Rates (August 6, 2014)

This Wednesday, at one of the biggest American home mortgage providers, JP Morgan Chase Bank (NYSE:JPM), the standard 30 year home mortgage rates of interest didn’t really experience any pleasant or unpleasant alteration. The probable home mortgage shoppers, who were eventually planning to visit the local branch of the bank, in search of the perfect home loan deal, won’t find any major changes in the interest rates levied by the financial institution on August 6, 2014.As per the most recent mortgage data released by the Chase bank (NYSE:JPM) today, the benchmark, long term, 30 year fixed home mortgage loans are now coming out a rate of interest of 4.375% and they do carry an annual percentage rate of 4.449% which is a bit higher than yesterday’s APR on these loans. The short term 15 year mortgage loans are coming out at 3.500% interest rate along with an APR yield of 3.664%. The APR and interest rate for the 15 year fixed mortgage deals remained unchanged today.

As far as the flexible house financing division is concerned, the potential home loan buyers can easily spot the perfect 5 year adjustable rate mortgages (ARMs) at 3.625% and an annual percentage rate yield of 3.134%. The APR for the 5 year loans came down a little bit today. For the people looking for flexible home mortgage deals with a slightly longer tenure, the 7 year ARMs are being offered at 3.625% along with an APR yield of 3.236%.

The standard refinance offering (30 year refinance loans) at the Chase Bank have been quoted at 4.250% in addition to an APR yield of 4.324% as on August 6, 2014. The relatively shorter refinance offerings by the bank (15 year loans) are coming out at 3.375% interest rate today and their APR yield is 3.557%. As far as the ARM arena is concerned, the 5 year refinance loan are being offered at 3.125% at the Chase bank. They do yield an APR of 2.958%. The 7 year refinance ARMs are available at 3.250% interest rate along with an annual percentage rate of 3.079%,

The SME-focused JP Morgan Chase Bank stated in a press conference that the bank’s net earnings rose 55.1% to Sh1.07 billion precisely during the half yearly period that ended on June 30th, 2014 compared to a same period last year on improved transaction fees and interest income. A strong three fold growth in customer accounts has also taken place since past 1 year.

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.