Today’s Mortgage Interest Rates at Chase Bank – May 23, 2014

Today's Mortgage Interest Rates at Chase Bank - May 23, 2014

Moving along its usual course, the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), made no alterations to the benchmark 30 year fixed mortgage interest rates on May 23, 2014. The eligible borrowers, who are planning on visiting the local branch of Chase Bank in search of ideal home finances, will find the new home purchase and refinancing home loan plans being traded at the same lending rates today.

With regards to the standard, long term home loan offerings, the 30 year fixed rate long term mortgage deals can be seen published in the bank’s books at an interest rate of 4.125% and an annual percentage rate of 4.219% today. In the short term home financing section, the interested borrowers can find the 15 year fixed rate mortgage home loans being traded at an interest rate of 3.375% and being accompanied by an annual return rate of 3.520% today.

In the flexible home lending division, the bank attempts to cater to the needs of its potential customers by offering the 5 year adjustable rate mortgage loans at a starting interest rate of 3.375% and an annual percentage yield of 3.046% during the starting years of the home loan tenure. For the seekers of more flexible home loan deals, the 7 year adjustable rate mortgage plans would serve as ideal options at an interest rate of 3.500% and an annual percentage yield of 3.187% on the basic amount of home loan sanctioned by the bank.

In the refinancing arena, the bank is offering the popular 30 year fixed rate mortgage home loan deals at an interest rate of 4.250% and an annual percentage return of 4.302% today. For the seekers of short term refinancing deals, the mortgage shoppers can spot the 15 year refinancing fixed rate mortgage packages being quoted at a lending rate of 3.250% and yielding an annual return equivalent to 3.413% this Friday.

Heading towards the adjustable rate mortgage section, the interested customers can spot the 5 year refinancing home loan packages being listed at a starting interest rate of 3.125% and carrying an annual percentage rate of 2.958% on the principal amount of home loan secured from the bank. When it comes to more flexible home refinancing options, 7 year refinancing adjustable rate mortgage schemes are up for grabs at an interest rate of 3.375% and are accompanied by an APR yield of 3.107% during the initial years of the loan.

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.