Mortgage Interest Rates are Holding Firm at Chase Bank on January 14, 2014
The benchmark 30 year fixed mortgage interest rates remained flat at the major US based mortgage lender, JP Morgan Chase Bank (NYSE: JPM) on January 14, 2014. Following the lead of several other mortgage lenders, Chase Bank made no change to its lending rates, at which, the home purchase and refinancing loans are available for the potential home buyers.
According to the mortgage rate charts newly published by the bank this Tuesday, the 30 year fixed rate mortgage home loans are being advertised at an interest rate of 4.500% and an annual percentage rate of 4.607%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans are coming out at an interest rate of 3.750% today and are backed by an annual return rate of 3.878%.
In the adjustable rate mortgage division, the potential borrowers can find the best 5 year deals being traded at a lending cost of 3.375% and an APR yield of 3.138% today. However, for the mortgage shoppers looking for more flexibility in terms of interest rates, the bank offers its 7 year adjustable rate mortgage home loans at an interest price of 3.750% and an APR yield of 3.373%.
Shifting sight to the refinancing lending section, the prospective customers can spot the popular 30 year fixed rate mortgage loans sitting next to a lending rate of 4.500% today, along with an APR yield of 4.629%. The shorter, 15 year counterpart of the 30 year refinancing fixed rate mortgage home loans can be had at a rate of 3.625% and an APR yield of 3.716%.
When it comes to the variable rate home loans, the bank offers its best 5 year refinancing adjustable rate home loan packages at an interest price of 3.250% today and an APR yield of 3.094%. However, the more flexible, 7 year refinancing adjustable rate mortgage schemes are up for grabs at a starting rate of 3.625% and an APR yield of 3.303%.
JP Morgan Chase Bank, the largest banking organization in the United States, replaced over 2 million payment cards as a precautionary protocol following the recent breach of customer data at the retail outlets of Target Corp. The bank believes that the threat to the information of a cardholder is a quite a big deal and is not going anywhere until and unless some strict measures are implemented.
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.