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Mortgage Interest Rates Remain Steady at Chase Bank on March 19, 2014

Mortgage Interest Rates Remain Steady at Chase Bank on March 19, 2014

Business

Mortgage Interest Rates Remain Steady at Chase Bank on March 19, 2014

After going through a difficult roller coaster ride all through the previous week, the benchmark 30 year fixed mortgage interest rates at the major mortgage lender, JP Morgan Chase Bank (NYSE: JPM) found a steady ground on March 19, 2014. Unlike the competing mortgage lenders, Chase Bank managed to pull off some strings and kept its ideal home purchase and refinancing home loan deals being traded at unchanged interest rates this Wednesday.

A closer look at the newly released mortgage information by the bank will reveal that the long term, standard 30 year fixed rate mortgage home loans are being traded at an interest rate of 4.375% and are accompanied by an annual percentage rate of 4.503% today. However, in the relatively shorter and less expensive home financing section, the mortgage shoppers can find the 15 year fixed rate mortgage home loan plans being available for an interest price of 3.625% and an APR yield of 3.734% today.

For the seekers of flexible home loan options, the bank is currently offering the ideal 5 year adjustable rate home loan packages at a starting interest rate of 3.375% and an APR yield of 3.046% in the basic amount of home loan taken from the bank. On the other hand, the more flexibility, 7 year adjustable rate home loan packages are up for grabs at an interest rate of 3.500% and an APR yield of 3.197% during the starting years of the loan tenure.

Heading towards the refinancing home loan section, the eligible mortgage shoppers can acquire the popular 30 year fixed rate mortgage home loan options by bearing an interest charge of 4.500% and enjoying an APR yield of 4.553% today. On the other hand, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage schemes can be locked in at an interest rate of 3.500% and an APR yield of 3.609% today.

As far as the flexible home refinancing options are considered, the bank is offering its best 5 year adjustable rate mortgage home loan plans at a starting interest cost of 3.125% and an APR yield of 2.948% to begin with. On the other hand, the seekers of more flexible interest rates can spot the 7 year refinancing adjustable rate mortgage plans being traded at an interest rate of 3.375% and are backed by an APR yield of 3.118% on the basic amount of the 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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