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Chase launches Fixed-Rate Lock Option for home equity linesMortgagePress.comFixed-rate locked home equity lines Chase has launched the Fixed-Rate Lock Option, a feature of its home equity lines of credit, for new and current customers. The feature, which carries no setup charge, allows the borrower to lock in a fixed interest rate for up to five years simultaneously or for the entire amount of his line. The interest rates on locked segments do not increase, and borrowers make equal monthly payments, similar to installment loans. Chase, a subsidiary of JPMorgan Chase and Company, is a consumer and commercial bank based in New York. For more information, call (888) 342-4273 or visit www.chase.com.