Today’s Mortgage Interest Rates at Chase Bank (Wednesday July 16, 2014)

Today's Mortgage Interest Rates at Chase Bank (Wednesday July 16, 2014)Moving along its usual pathway, the topmost US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), chose to make no favorable or unfavorable changes to its benchmark 30 year fixed mortgage interest rates on July 16, 2014. The qualified borrowers, who are aiming at visiting the local branches of Chase Bank today, in search of ideal home purchase and  refinancing deals, will find no change in the lending rates as compared to yesterday.

This Wednesday, the standard, long term, 30 year fixed rate mortgage packages are highlighted in the bank’s books at an interest price of 4.250% and are carrying an annual percentage rate of 4.313%. The borrowers, who are keen on walking down a shorter and less expensive route towards home financing, can now secure 15 year fixed rate mortgage deals at an interest rate of 3.375% and an annual percentage yield of 3.502% today.In the flexible home loan division, the potential home loan borrowers can find the best 5 year adjustable rate mortgage plans being traded at an interest rate of 3.500% and carrying an APR yield of 3.090% on the principal amount of home loan secured from the bank. The more flexible, 7 year adjustable rate mortgage deals can now be seen advertised at a lending rate of 3.500% and an annual percentage rate of 3.500% and an annual return rate of 3.187% during the initial years of the home loan period.

Heading towards the refinancing home loan arena, the interested customers can spot the popular 30 year fixed rate mortgage home loan plans coming out at an interest rate of 4.250% and being backed by an annual return rate of 4.302% today. The short term, 15 year counterparts of the 30 year refinancing fixed rate home loan schemes can now be locked in at an interest rate of 3.250% and an annual percentage yield of 3.376% today.

Heading towards the flexible rate mortgage home loan section, the interested home loan seekers can spot the best 5 year refinancing adjustable rate home loans being listed at an interest rate of 3.125% and carrying an APR yield of 2.968% during the starting years of the home loan tenure. The 7 year refinancing adjustable rate mortgage home loan packages are now up for grabs at an interest cost of 3.375% and an APR yield of 3.118% on the principal 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.