Today’s Mortgage Rates at Chase Bank (May 14, 2014)

Mortgage Rates at Chase Bank on May 14, 2014

The major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) updated its mortgage rate charts on May 14, 2014, which revealed that the benchmark 30 year fixed mortgage interest rates have remained steady for yet another day this week. This Wednesday did not bring about any change in the lending rates, at which, the standard home loan offerings are listed in the bank’s books for the interested borrowers, thereby helping the bank enjoy a steady demand of home loan products in the present day market.For the potential home buyers, who are planning on securing long term finances for purchase a new home, the 30 year fixed rate mortgage loans would be an ideal choice at an interest rate of 4.250% and an annual percentage rate of 4.345%. For those who are willing to take a shorter route towards home financing, the 15 year fixed rate mortgage home loan deals are being traded at an interest rate of 3.375% and an APR yield of 3.557% today.

In the category of home loans with flexible rates of interest, the bank is offering its best 5 year adjustable rate mortgage packages at an interest rate of 3.500% and an APR yield of 3.080% on the principal amount of home loan secured from the bank. Under the more flexible home financing category, 7 year adjustable rate mortgage loans stand quoted at an interest cost of 3.625% and an APR yield of 3.225% during the starting years of the home loan tenure.

When heading towards the refinancing loan options, the popular 30 year fixed rate mortgage home loans can be seen listed at an interest rate of 4.375% and an annual percentage yield of 4.439% this Wednesday. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage deals are now up for grabs at an interest rate of 3.375% and an APR yield of 3.502% today.

The mortgage shoppers, who are seeking more flexible home loan schemes can find 5 year refinancing adjustable rate home loans being advertised at a lending rate of 3.125% and carrying an annual percentage rate of 2.968% during the early years of the tenure period. In the more flexible home loan section, 7 year adjustable rate mortgage home loans are tagged at an interest price of 3.375% and are backed by an APR yield of 3.127% on 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.