Today’s Mortgage Interest Rates Show Improvement at Chase Bank (July 9, 2014)

Today's Mortgage Interest Rates Show Improvement at Chase Bank (July 9, 2014)As with most of the US based mortgage lenders, the topmost financier, JP Morgan Chase Bank (NYSE: JPM), decided to offer its best home loan deals at somewhat improved benchmark 30 year fixed mortgage home loan rates on July 9, 2014. The potential home buyers, who are planning on having their new home purchase or refinancing mortgage deals financed from Chase Bank, will find slight improvement in the lending rates charged by the bank.

According to the most up to date mortgage information released by the bank, the standard, long term, 30 year fixed rate mortgage home loans can be seen listed against an interest rate of 4.250% and being backed by an annual percentage rate of 4.345% today. With regards to the short term home loans, the interested borrowers can find the 15 year fixed rate mortgage home loan deals being traded at an interest price of 3.375% and annual return rate of 3.538%.The prospective home loan seekers, who are planning on securing ideal home loans at flexible interest rates, can find the 5 year adjustable rate mortgage plans being traded at an interest rate 3.625% and an annual percentage rate of 3.134% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans can now be acquired at an interest rate of 3.625% and an annual percentage rate of 3.236%on the principal amount of home loan secured from the bank.

Heading towards the refinancing home loan division, the bank has now quoted its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.250% and an annual percentage yield of 4.334% today. The relatively short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan schemes can now be locked in at an interest rate of 3.250% and an annual return rate of 3.431%.

This Wednesday, in the adjustable rate mortgage home loan section, the interested customers can find the 5 year refinancing flexible home loan deals being advertised at an interest rate of 3.250% and an annual percentage rate of 3.002% on the principal amount of home loan taken from the bank. The more flexible, 7 year refinancing adjustable rate mortgage home loan packages are now traded at an interest rate of 3.500% and an annual percentage yield of 3.166% during the starting years of the home loan tenure.

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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Rob is a analyst and reporter covering stocks and business news.