Today’s Mortgage Rates at Chase Bank – May 7, 2014

Today's Mortgage Rates at Chase Bank - May 7, 2014

At the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates are holding firm on May 7, 2014. This Wednesday, in the new mortgage information released by the bank, the standard home purchase and refinancing home loan deals are listed at the same interest rates as yesterday, thereby making no change in the overall demand of loan products in the market.

Among the standard, long term, home loan offerings, the lender is now trading 30 year fixed rate mortgage home loans at an interest rate of 4.250% and an annual percentage rate of 4.345% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals can now be secured by bearing a lending price of 3.500% and agreeing to an APR yield of 3.609% this Wednesday.

When it comes to the adjustable rate mortgage lending options, the mortgage shoppers can spot the 5 year variable rate home loan schemes listed at a lending rate of 3.500% and an APR yield of 3.090% in the bank’s portfolio. However, under the more flexible lending category, the lender quotes its 7 year adjustable rate mortgage home loans at an interest rate of 3.500% and an annual return of 3.197% to begin with.

Shifting attention to the refinancing home loan arena, the popular 30 year fixed rate mortgage loans can be spotted sitting next to an interest rate of 4.375% and accompanied by an APR yield of 4.439% today. On the contrary, the short term, 15 year counterparts of 30 year refinancing fixed rate mortgage home loan deals can be locked in at an interest rate of 3.375% and an APR yield of 3.520% this Wednesday.

For the potential borrowers, who are willing to refinancing their existing realty investment through variable home loan options, the mortgage lender offers its 5 year refinancing adjustable rate mortgage loans at an interest rate of 3.250% and an APR yield of 2.992%. For some more flexibility, the mortgage shoppers can opt for the 7 year adjustable rate mortgage plans, which are advertised at an interest cost of 3.375% and are backed by an APR yield of 3.127% to begin with.

The mortgage interest rates quoted by banks are generally affected by fluctuations in the prices of mortgage backed financial bonds and securities, which follow the stock market directions. With a sudden fall experienced by Wall Street, Chase Bank moved in the direction of the stock market and published its interest rates accordingly. However, the COF shares did perform well and rose up to a new price level of 53.66 by the end of the trading day after a hike of +0.69%.

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.